Shiba Inu Breakout Incoming? Long-Term Holders Up 783%, SHIB Burn Rate Soars 1,784%

Shiba Inu (SHIB) Shows Signs of Big Price Jump

Shiba Inu (SHIB) is starting to show strong signs of a potential price breakout. This is happening because of two main things: more people are holding SHIB for longer and more SHIB tokens are being burned (destroyed), which reduces supply.

SHIB Holders Refuse to Sell

Many SHIB holders are showing strong belief in the token’s future. In just the past week, the average time people hold SHIB before moving it has gone up by 783%. On average, SHIB holders are now keeping their tokens for 2.8 years, which is more than half of SHIB’s total age.

Even when SHIB recently reached a 7-week high price of $0.00001391, most holders didn’t sell. This shows that many are waiting for even higher prices — a strong sign that more gains could come.

SHIB Burn Rate Skyrockets

Another positive sign is the huge increase in SHIB’s burn rate. In the past week, over 1 billion SHIB tokens were burned — that’s a 1,784% jump compared to the week before.

Just in the last 24 hours, over 4.7 million SHIB were burned, raising the daily burn rate by 8.78%.

When more tokens are burned and fewer are available in the market, this can push the price up — especially if demand stays high or increases.

SHIB Price Follows Bitcoin

SHIB's price has been moving along with Bitcoin. When Bitcoin recently jumped to $122,838, SHIB hit a 30-day high of $0.00001391. Even though both Bitcoin and SHIB corrected slightly, SHIB is still up 9.7% over the past week.

Right now, SHIB is trading at around $0.000013.