SHIB Jumps 30% on Token Burns as WLFI Consolidates Near $0.17

• Shiba Inu (SHIB) surged over 30% in early January 2026, outperforming major cryptocurrencies like Bitcoin and Ethereum.
• Aggressive SHIB token burns destroyed over $172 million in value, boosting scarcity and fueling interest.
• World Liberty Financial (WLFI) is consolidating near $0.17 after a sharp breakout from December lows near $0.12.

Shiba Inu (SHIB) rallied strongly in the first week of 2026, climbing over 30%. This significant jump placed it ahead of larger digital assets including Bitcoin and Ethereum. The move coincided with increased institutional demand for spot exchange-traded funds tracking meme tokens like Dogecoin, suggesting a sector-wide shift. Aggressive Shiba Inu token burns executed on-chain destroyed substantial value, enhancing scarcity perceptions. World Liberty Financial (WLFI) also saw notable price action, moving from lows around $0.12 in December to nearly $0.18 early in the new year.

Why Did SHIB Jump 30%?

SHIB experienced a sharp price increase during the first week of January. This rally coincided with significant net inflows into new Dogecoin spot ETFs, indicating heightened institutional appetite for related assets. The price broke through key resistance levels, and technical indicators like the Supertrend turned bullish. Critically, aggressive SHIB token burns destroyed over $172 million worth of tokens, reducing supply and directly boosting scarcity. These combined on-chain activities and market flows drove renewed interest from both institutional and retail investors.

The token burns created perceived scarcity, a key driver for investor sentiment in the asset. Technical strength further supported the positive momentum.

What's Next for WLFI Price?

WLFI is currently trading near $0.17, consolidating after its rapid surge from December lows near $0.12. The price has stalled below the $0.18 level, suggesting a pause to absorb the recent gains. It remains above rising Supertrend support near $0.16, which could provide a technical floor for the next move. However, recent spot flows have shown net outflows, signaling continued distribution pressure that could limit upside. Traders are closely watching key price thresholds for directional clues.

WLFI behaves as a high-beta asset highly responsive to momentum shifts. The outlook hinges on whether it can sustainably reclaim $0.175 or falls through the $0.16 support area. A break below $0.16 risks triggering a reversal of the recent uptrend.