Token Burn Rate Jumps 3,277% as Whale Holdings Decline

TLDR

• Shiba Inu (SHIB) price currently trading around $0.00001250, up 20% from yearly low
• Burn rate surged 3,277% in 24 hours with over 11 million SHIB tokens burned recently
• SHIB has formed a double-bottom pattern with potential bullish breakout
• Whale holdings have decreased from 743 trillion to 735 trillion tokens this year
• Experts predict SHIB could reach $0.0001971 by 2030, representing 7,220% growth from current levels

Shiba Inu, the second-largest meme coin, has been moving sideways in recent weeks despite showing signs of recovery. Currently trading at $0.00001250, SHIB has climbed more than 20% from its yearly low, catching the attention of both investors and analysts.

The token’s price action comes amid contrasting signals: a declining whale presence but an accelerating burn rate that’s removing millions of tokens from circulation daily.

Recent data reveals that SHIB whale holdings have steadily decreased throughout 2025. The supply held by these large investors has dropped from 743 trillion tokens in January to 735 trillion currently.

Further analysis shows the supply held by top addresses has fallen to 618 trillion, down from 619 trillion earlier this month. This trend suggests many whales are selling their holdings as the token’s price remains below previous highs.

ShibTorch – Shibarium Fire
Tracking the burn, fueling the future.

Total Burned: 881,353,310 SHIB
Weekly Change: 🔥 +5.40%

Recent Burn Actions:
🔹 2025-04-18 @ 04:05 UTC: 16,682,282.98 SHIB
🔹 2025-04-14 @ 22:22 UTC: 14,521,134.84 SHIB

Note:
30% of the BONE is collected as… pic.twitter.com/POD2IgXy7z

— Shibarium Updates 📢 (@Shibizens) April 19, 2025

Burn Rate Heats Up

On the positive side, SHIB’s circulating supply continues to shrink thanks to an impressive burn rate. Recent reports show the daily burn rate jumped by over 65% on Monday to 17.72 million tokens.

Even more striking, Shibburn, which tracks real-time SHIB burns, reported that 28,627,668 SHIB were burned in a single 24-hour period, representing a massive 3,277.11% surge in the daily burn rate.

Over a seven-day period, a total of 142,626,991 SHIB tokens were burned, reflecting a 104.28% rise in weekly burn volume. The ShibTorch platform alone has helped burn 881,353,310 SHIB tokens.

These burns are part of the community’s ongoing effort to reduce supply and potentially boost SHIB’s price in the long term. The token’s circulating supply now stands at 584 trillion, down from its original supply.

Technical Patterns Point to Potential Breakout

From a technical analysis perspective, SHIB’s price chart has formed a giant double-bottom pattern at $0.00001080. This pattern consists of two bottoms and a neckline at $0.00003340, which sits 165% above current levels.

Another bullish indicator is the formation of a falling wedge pattern with two converging trendlines. This pattern typically signals a possible bullish breakout at the convergence point.

For confirmation of a bullish trend, traders are watching for SHIB to break above $0.00001560, which marks the highest level reached this month. However, a drop below $0.00001080 would invalidate this outlook, with $0.000010 becoming the next support level to watch.

Despite the current challenges, some experts remain optimistic about SHIB’s long-term prospects. A recent report by Finder projected that the meme coin could reach $0.0001971 by 2030 and $0.0008543 by 2035.

Bitget CEO Gracy Chen believes SHIB price could hit $0.0000600 by the end of 2025, while Ronen Cojocaru of 8081 Inc has projected a price of $0.0000743, implying over 500% upside potential.

Not all analysts share this optimism. John Hawkins of the University of Canberra warns SHIB could drop to $0.00001, citing fading hype around meme coins and comparing the trend to the NFT market decline.

Community Focus on Education

Beyond price action, SHIB’s marketing lead, known as Lucie, has been emphasizing the importance of education within the community. She recently spoke out about the rising threat of scammers in the crypto space.

Lucie urged the SHIB Army to stay informed and avoid falling for hype-driven traps. She emphasized that education is the best defense against bad actors in the crypto world.

In the state of trenches we’re living in, education is the only real weapon.
Scammers thrive on hype. They prey on the uninformed.

Forget the trends. Forget the noise.
Only solid, time-tested investments will survive the storm.

Learn. Research. Move with purpose.
No shortcuts…

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 19, 2025

She also explained why the SHIB team often remains silent during periods of fear, uncertainty, and doubt. Her message stressed that only solid, well-researched projects will stand the test of time.

“In the state of trenches we’re living in, education is the only real weapon,” she stated, encouraging the community to focus on long-term strategies rather than short-term price movements.

The SHIB ecosystem continues to evolve beyond just being a meme coin, with developments in Shibarium, DeFi integration, and a growing community of supporters.

About 48% of experts consider SHIB overvalued at present, while 44% think it’s fairly priced. The token’s large circulating supply remains a challenge for substantial price increases unless burn rates continue to accelerate or utility drastically improves.

Whether SHIB can achieve the projected 7,220% growth by 2030 remains to be seen. The path forward will depend on continued community support, ecosystem development, and the broader crypto market conditions.