Shiba Inu Faces 1.87% Gain Amid Hacker Token Dump

Shiba Inu's latest price was $0.00001372, up 1.873% in the last 24 hours. The cryptocurrency is currently facing renewed selling pressure due to a significant offloading of tokens by hackers. Blockchain security firm PeckShield reported that the Bitrue Exploiters, linked to a 2023 breach, exchanged 150 billion SHIB and 756 million Holochain (HOT) tokens. In return, they acquired approximately 1,500 Ethereum (ETH). A major portion of these funds, particularly 1,050 ETH, has already been laundered through TornadoCash, significantly complicating the transaction trail. Consequently, fears are rising that SHIB’s market stability could suffer further as the hackers still hold around 5,111 ETH and 16 million DAI, with a combined value nearing $25.5 million. Given the vast number of SHIB tokens involved, investors are bracing for potential heavy selling pressure that could push SHIB into a more volatile and bearish territory.

Besides the immediate concerns over token dumping, the incident highlights the lingering risks from previous cyberattacks on exchanges. Bitrue, the platform targeted in 2023, lost nearly $23 million during the breach, and the ripple effects are resurfacing today. Significantly, this event casts doubt on the sustainability of SHIB’s recent bullish momentum. Although Shiba Inu recently displayed recovery by rebounding from critical support levels, the threat of mass liquidation could easily undermine current investor sentiment.

The exploit’s lingering effects add to concerns about SHIB’s recent recovery run. After bouncing strongly from support between $0.0000126 and $0.0000128, SHIB managed to regain lost ground, buoyed by a 12.34% spike in daily trading volume. Currently, SHIB is battling key resistance between $0.0000142 and $0.0000145 — a zone where sellers previously took control. Chart readings paint a mixed but cautiously optimistic picture. The MACD indicator shows a bullish crossover, and the RSI stands at 62.04, hinting at bullish strength. Still, the possibility of massive sell-offs from the hackers could tilt the balance quickly. Hence, it is critical for SHIB to sustain above current resistance to confirm a breakout towards the $0.0000145 target range.

Looking further out, Shiba Inu’s Coincodex price prediction for December 2025 appears promising if the market stabilizes. Analysts forecast SHIB trading between $0.00002837 and $0.00002980 by year-end 2025. Consequently, this suggests a potential gain of over 106% from current levels, offering investors a chance to double returns.

Shiba Inu is proving it’s not just a meme anymore. In just the past 24 hours, SHIB’s burn rate shot up 825%, removing over 26 million tokens from circulation. The burn isn’t just symbolic; it’s backed by transaction volume on Shibarium, its Layer-2 solution, which has already contributed to over 881 million tokens being burned. There’s also buzz around a potential Layer-3 upgrade, which is expected to improve scalability and increase the privacy features of the ecosystem. That’s adding momentum on both the investor and developer side. As of now, SHIB trades at $0.00001255, and some forecasts see it hitting $0.000025 by late April, almost a 95% jump. It faces some heavy resistance around $0.000014 to $0.000019, but with nearly 88% of holders currently bullish, sentiment is clearly skewed to the upside. What’s more, the SHIB team is actively warning users about fake TREAT tokens and reinforcing that their ecosystem remains Ethereum-based. That kind of ecosystem clarity is helping SHIB regain credibility. If you’re looking at top crypto coins to invest in with strong community backing and aggressive tokenomics, Shiba Inu should be on your radar.

Shiba Inu [SHIB] has recently caught attention with a dramatic surge in its burn rate, increasing by 3084.6% over the past 24 hours. This massive burn rate surge suggests that efforts to reduce SHIB’s circulating supply may have a significant long-term impact. However, to fully understand the token’s potential for price movement, it’s essential to look beyond the burn rate and consider other key market metrics. On-chain metrics show a noticeable shift in SHIB’s market activity. Over the last 24 hours, total transfer volume has decreased by 7.23%, signaling fewer coin transfers. Similarly, active addresses have dropped by 40.19%, indicating reduced wallet activity for sending and receiving SHIB. Additionally, the number of daily transactions has fallen by 39.23%. These declines suggest diminishing investor engagement or hesitation, pointing to a cooling market. This reduced activity may hinder SHIB’s ability to sustain upward momentum, even with the recent surge in its burn rate. The exchange netflow data offers deeper insights into SHIB’s market dynamics. Over the last 24 hours, net deposits on exchanges have dropped significantly by 126.32%, suggesting reduced selling pressure as fewer SHIB tokens are being deposited. Meanwhile, exchange reserves have increased slightly by 0.33%, reaching 94.7 billion SHIB tokens. This rise in reserves may indicate that some traders are preparing for future sales, potentially leading to heightened selling pressure once SHIB’s price stabilizes.