Shiba Inu Burn Rate Surges 2,080% as Price Jumps 17%

Shiba Inu, a prominent meme coin, has experienced a significant surge in its burn rate, increasing by 2,080% over the past week. This substantial increase in the burn rate coincides with a notable price pump, as SHIB's value has risen by approximately 17% over the same period. The burn mechanism, which involves the permanent removal of tokens from circulation, aims to reduce the overall supply of SHIB, potentially making it scarcer and more valuable if demand remains constant or increases.

The total SHIB burned last week hit one billion, a massive leap from the week before. That number alone reflects commitment. The goal? Reduce the token’s supply and make each coin more valuable. Think of it like cutting slices from a pie—fewer slices, bigger bite for each. This sudden surge in token burns tells us more than just numbers. It signals a revived interest from both developers and community members. Scarcity often drives demand, and with billions sent to dead wallets, supply continues to shrink. Exchange netflows tell another important story. More SHIB is flowing into self-custody. That move reduces sell pressure on exchanges and suggests long-term holding. Investors often transfer assets to private wallets when confidence is high. Right now, SHIB seems to be benefiting from that sentiment.

Another powerful force driving optimism is Shibarium. This layer-2 solution has become the backbone of the project. It processes millions of transactions daily, and the network just passed 12 million blocks. That level of activity speaks volumes. It’s not hype. It’s usage. Shibarium lowers fees and boosts speed. Those improvements help developers and traders alike. A healthy network attracts more users, and more users create momentum. Some market analysts believe continued growth in Shibarium may fuel SHIB’s next big move.

Interest in SHIB isn’t limited to the blockchain. Google search trends reveal a spike in curiosity. Search volume recently hit a two-month high. That kind of attention often brings in retail buyers. Emotional investors entering during uptrends can push prices even higher. However, one cautionary signal has emerged. The Relative Strength Index (RSI) currently hovers near 70. That level often means an asset may be overbought. In plain terms, SHIB’s recent gains could slow down or face a brief pullback. While short-term corrections are natural, long-term momentum remains. The fundamentals look solid. The burn rate, strong on-chain activity, growing interest, and Shibarium’s progress all add fuel to the fire. Investors should watch closely. The spark has been lit—now it’s just a matter of whether SHIB explodes or pauses to catch its breath.