Shiba Inu Price Rises 0.428% as Burn Rate Surges 542.4%

Shiba Inu's latest price was $0.00001249, up 0.428% in the last 24 hours. This integration allows for SHIB deposits and borrowing across different chains within a unified liquidity pool, powered by Chainlink CCIP. Folks Finance has also introduced incentive rewards for depositors to encourage participation in this new feature.

On-chain data from Santiment reveals that the top ten wallets hold 62.3% of the SHIB supply, indicating a high concentration of the token among a few large holders. This concentration is the highest among Ethereum-based assets, which could potentially impact the token's market dynamics.

Shiba Inu's burn rate has seen a significant spike, with 455,390 tokens permanently removed from circulation in a 24-hour period. This burn rate increase of 542.4% is a notable development for the token, as it reduces the overall supply and could potentially influence its scarcity and value over time.

Despite the muted market performance in August, investor resilience in Shiba Inu remains strong. On-chain data shows a rising retention rate among holders and a declining exchange balance, suggesting that investors are holding onto their tokens rather than selling them. This trend is reflected in the Holder Retention Rate metric, which has climbed steadily over the past month and currently sits at 96.68%.

The SHIB balance on cryptocurrency exchanges has also fallen steadily in the past 14 days, confirming the reduced selloffs among token holders. This decline in exchange balance indicates that SHIB investors are moving their tokens off trading platforms and into self-custody, a trend often interpreted as a sign of long-term holding intentions.

Shiba Inu's decentralized distribution enhances its security and market stability. Unlike some assets concentrated in a few hands, SHIB is widely spread across major exchanges like Binance, Robinhood, and Crypto.com, with trillions of tokens held in these wallets. This broad distribution plays a key role in boosting SHIB’s credibility and security, helping protect it from price manipulation by a small group of investors. The tokens are held on behalf of millions of users, ensuring that ownership is not limited to just a few individuals.

This decentralized nature reduces risks tied to concentrated ownership and provides a more stable environment for long-term growth. Lucie, the marketing lead of the SHIB ecosystem, highlighted that over 1.5 million wallets are holding SHIB on Ethereum alone, further demonstrating the token’s wide distribution.

Shiba Inu's global reach is another factor contributing to its appeal. The Shiba Inu community spans across various regions, with notable concentrations in the United States, India, Turkey, and East Asia. Growing SHIB communities in Europe, Latin America, and Africa also contribute to the token’s broad appeal.

Many in the SHIB community are hopeful about September, known as “Sparktember.” This optimism stems from expectations that new utility and developments for SHIB will be launched, potentially triggering a positive market shift and boosting SHIB’s long-term prospects. The community's anticipation for new developments and increased market interest could drive further engagement and growth for the token.

Shiba Inu recently achieved a significant milestone by becoming the first meme coin listed on Folks Finance, a cross-chain decentralized finance lending platform. This integration expands Shiba Inu's accessibility within the DeFi ecosystem and marks a strategic step toward broader utility development.

The project's marketing team has announced plans for expansion tours across key Asian markets including Korea, Japan, and China during autumn 2025. Led by marketing specialist Lucie, these initiatives aim to strengthen community engagement and accelerate regional adoption. The team emphasized a deliberate strategy shift toward building infrastructure and practical utility, particularly through their layer-2 blockchain solution Shibarium, rather than focusing on token supply reduction mechanisms.

Recent on-chain analysis reveals considerable supply concentration within the Shiba Inu ecosystem, with the top ten addresses collectively holding over 62% of the total token supply. This distribution pattern highlights the importance of ongoing efforts to decentralize holdings through expanded global adoption and utility-focused initiatives.

Project leadership maintains a forward-looking perspective despite recent market conditions, expressing confidence that autumn traditionally brings favorable momentum to cryptocurrency projects. The team continues advocating for sustainable growth through ecosystem development and real-world applications rather than short-term token metrics, reinforcing Shibarium's role as a foundational component in their long-term vision for decentralized infrastructure.