Shiba Inu Surges 8% as Burn Rate Explodes 78273% in 24 Hours

Shiba Inu (SHIB) recorded an 8% price increase on August 13, 2025, reaching $0.00001398 in the 24 hours prior, surpassing its 200-day simple moving average (SMA) of $0.00001355 [1]. This upward movement followed a low of $0.00001271 the previous day, indicating a strong short-term rebound. Over the past week, SHIB’s price has climbed 15%, fueled by a 27% surge in trading volume to $330 million, signaling renewed market participation [1].

Simultaneously, the token’s burn rate saw an unprecedented spike of 78,273.79% in a single day, as 87,958,122 SHIB tokens were permanently removed from circulation [1]. This dramatic burn activity brought the total weekly burn to over 101 million tokens, with the weekly burn rate rising by 637.92%. The sharp increase in burn rate reflects heightened community-driven efforts to reduce supply, often seen as a positive signal for long-term token value [1].

The surge in burning activity coincided with a broader bullish environment in the cryptocurrency market. Analysts noted that rising inflows into Ethereum ETFs and expectations of a potential 50-basis-point Federal Reserve rate cut in September contributed to the optimism around SHIB and other altcoins [1]. The movement above the 200-day SMA is a key technical milestone, and market participants are now watching for a sustained move above $0.000014. If this level is maintained, the price could target $0.000016 and $0.000018 as next resistance levels [1].

The combination of a significant price gain and a record-breaking burn rate suggests that Shiba Inu is capturing renewed attention in the market. The interplay between increased demand and reduced supply may continue to drive price appreciation, though investors are cautioned to monitor macroeconomic developments and regulatory dynamics as potential headwinds [1].

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[1] Shiba Inu Key Metric Explodes 78273% in Day: Details (https://u.today/shiba-inu-key-metric-explodes-78273-in-day-details)