Whales and Burn Rates Signal Possible SHIB Breakout

Shiba Inu (SHIB), the memecoin that has drawn significant attention in the cryptocurrency market, is currently experiencing renewed interest as whale activity and on-chain data suggest a possible price surge in the coming weeks. According to recent on-chain tracking, billions of SHIB tokens have been withdrawn from major exchanges, including Coinbase Prime and Binance, indicating a shift in supply dynamics. In one notable move, a large investor withdrew 3 trillion SHIB from Coinbase Prime in August 2025, while another wallet pulled 110 billion SHIB from Binance within a week earlier. These large-scale movements have led analysts to speculate that whales are accumulating the token, potentially signaling confidence in its future price trajectory [1].

The reduction in exchange-held SHIB has coincided with a decrease in selling pressure, a factor that could support upward price movement. Additionally, the ongoing SHIB burn rate has played a role in tightening supply. As of the latest data from Shibarium, SHIB's burn rate has increased by 213% in the last 24 hours, with over 3.014 million tokens destroyed. This trend of supply reduction, combined with whale accumulation, could create a more favorable market environment for SHIB [1].

From a technical analysis perspective, SHIB's price chart has formed a potential “cup-and-handle” pattern, a bullish formation often associated with significant price breakouts. Crypto analyst Joe Swanson has highlighted the pattern, suggesting that if it plays out as expected, SHIB could see a 70% rise, potentially reaching $0.000021 in the coming weeks. Despite this potential, the token remains over 63% below its February all-time high, indicating that it is still in a long-term consolidation phase [1].

Meanwhile, the Shiba Inu team has remained optimistic about the token's future, with marketing lead Lucie emphasizing that SHIB is on track to surpass its previous all-time high of $0.00008845. She attributed this confidence to increasing adoption, including the launch of a Shiba Inu exchange-traded product (ETP) by Valour Inc., which offers traditional and institutional investors a regulated way to gain exposure to SHIB [2]. Lucie has also reiterated her long-term bullish stance, noting that while short-term price fluctuations are inevitable, the true value of SHIB lies in its widespread adoption and ecosystem development.

However, it is important to note that some of these forecasts, particularly those with high return expectations, have not always materialized. For instance, Lucie’s earlier prediction that SHIB would surge 1,000% within three days did not come to pass, underscoring the need for caution when interpreting market forecasts. Nonetheless, the combination of whale activity, reduced exchange supply, and a sustained burn rate provides a compelling narrative for potential upward movement in SHIB's price [2].

As the market continues to monitor on-chain activity and technical indicators, investors are advised to remain cautious and conduct thorough due diligence before making any investment decisions. The cryptocurrency market remains highly volatile, and while the factors discussed suggest a favorable outlook, they do not guarantee specific price outcomes.

Source:

[1] Shiba Inu Price Prediction: SHIB Price Poised For 70% Surge (https://coinpedia.org/price-analysis/shiba-inu-price-prediction-shib-price-poised-for-70-surge/)

[2] Shiba Inu Team Predicts SHIB Will Surpass $0.00008845, ... (https://thecryptobasic.com/2025/08/29/shiba-inu-team-predicts-shib-will-surpass-0-00008845-says-price-is-temporary-but-adoption-is-forever/)