Bitcoin News Today: Shiba Inu Burn Rate Surges 48244% as Price Hits $0.0000137

A single large transaction executed on August 13, 2025, triggered an unprecedented 48,244% surge in Shiba Inu’s burn rate, removing over 85.7 million SHIB tokens from circulation. This massive burn, attributed to an unknown whale address rather than core developers, marked a dramatic acceleration in the token’s deflationary mechanism and attracted widespread market attention. The sudden activity has intensified scrutiny of SHIB’s market dynamics and its potential impact on price action [1].

The immediate response was a 5–6% increase in SHIB’s price, pushing it toward $0.0000137. Alongside SHIB, associated tokens like BONE and LEASH also saw positive movement, reflecting growing interest in the broader Shiba Inu ecosystem. Lucie, the project’s Marketing Lead, noted that SHIB’s ecosystem often mirrors Bitcoin’s price behavior and that a market cap growth to $30–50 billion could further amplify gains [1].

Despite the recent surge, historical data suggests that past burn events have had mixed outcomes. For example, a burn of 18 million SHIB on July 29 did not immediately translate into a price increase, and SHIB has often followed broader market trends rather than reacting independently. This raises the question of whether the latest burn represents a turning point or simply a temporary spike driven by whale activity [1].

Market observers are now monitoring whether the current burn momentum can be sustained without negatively impacting liquidity. While the burn rate’s dramatic rise highlights strong community engagement, the long-term success of the strategy will depend on continued on-chain activity and broader market sentiment. If SHIB manages to break through the $0.00002 psychological barrier, it could signal a shift toward stronger investor confidence.

This burn event also coincides with broader positivity in the crypto sector, including strong quarterly results from Bitcoin mining firms. While SHIB’s burn rate increase is exceptional in scale, it aligns with a growing trend of projects using token burning to manage supply and influence price [2].

The record-breaking burn has succeeded in re-energizing interest in Shiba Inu, at least in the short term. Investors and analysts alike will be watching for further signs of sustained community participation and on-chain activity to determine if this marks the beginning of a new phase for the token.

Source:

[1] title: Shiba Inu Burn Rate Surges 48244% as Price Aims for ...

url: https://www.thecoinrepublic.com/2025/08/13/shiba-inu-burn-rate-surges-48244-as-price-aims-for-0-00002/

[2] title: Bitcoin Miner Bitfarms' Revenue Soars 87%, Eyes U.S. ...

url: https://bitcoinethereumnews.com/bitcoin/bitcoin-miner-bitfarms-revenue-soars-87-eyes-u-s-move-amid-ai-expansion/