SHIB Burn Sparks Hype – Is a 300% Shiba Inu Price Explosion Next?

• SHIB burn rate soars 120.3%, but price impact remains limited amid weak demand and declining Shibarium activity.
• Analysts eye potential 300% SHIB surge as technical indicators show mixed signals and whale activity declines.

Shiba Inu (SHIB) continues to face price volatility despite aggressive supply reduction efforts through token burns. Over the past month, SHIB’s value declined by 22.81%, with an 8.09% drop in the last seven days alone. The meme coin’s price is currently steady at $0.00001522 amidst market turbulence influenced by incidents like the Bybit hack. 

Market experts suggest the meme coin could potentially escalate by nearly 300% due to strong market technicals, including increased active addresses and significant whale transactions. On-chain data points to growing market confidence, supported by the asset’s MVRV ratio, which mirrors bullish trends historically associated with substantial price increases.

SHIB Price Declines Amid Burn Efforts

Shiba Inu’s price has declined by 8.09% over the last seven days and 22.81% in the past month. SHIB is trading at $0.00001522, down from $0.00001667 a week ago. This drop aligns with broader market conditions and macroeconomic concerns. 

According to Shibburn, approximately 128.22 million SHIB tokens were burned in the past week, reflecting a 120.3% increase in the burn rate. Analysts suggest that while the burn reduces supply, the price impact remains subdued due to weak demand.

Additionally, Shibariumscan data shows daily transactions plummeted 99%, from 4.64 million on February 14 to 52,410. Analysts attribute this drop to waning community engagement and SHIB’s bearish price action. Despite the setback, the Shiba Inu team introduced Shib Auth and Shib Pay to enhance wallet logins and crypto payments. These Web3 solutions aim to revitalize Shibarium usage and attract developers, merchants, and users

SHIB’s Burn Metrics and Technical Indicators Diverge

While the burn rate has surged, technical indicators present a mixed picture for SHIB. The relative strength index (RSI) stands at 40.06, indicating neutral momentum, while the moving average convergence divergence (MACD) suggests potential bullish movement.

Price resistance remains at $0.0000193, with a possible upward target of $0.000030 if momentum strengthens. Conversely, a drop below $0.000014 could prolong the consolidation phase. Whale activity has also diminished, with netflows decreasing by 44.431%.

Shibburn reports that a total of 410.72 trillion SHIB tokens have been burned to date, reducing the circulating supply to approximately 584.30 trillion. In February alone, 180.59 million tokens were burned across 90 transactions, compared to 1.16 billion in January. Despite the burn-induced supply reduction, new user adoption has fallen by 12.73%.

In contrast, the number of SHIB holders with over $1 million increased to 947, with 69 wallets surpassing $10 million. This follows a 53.65% price jump from $0.000010 in February 2024 to $0.000016 in February 2025. Market analysts remain divided, with Javon Marks forecasting a potential 422% surge to $0.00008841.

Recent developments in Shiba Inu’s Web3 initiatives, including the release of software development kits (SDKs) for Shib Auth and Shib Pay, aim to boost adoption by simplifying wallet logins and crypto payments. Despite these efforts, SHIB’s breakout potential hinges on renewed demand and trading volume.