Shiba Inu Price Alert: Whale Transfers Spike as Burn Rate Jumps 248%

The post Shiba Inu Price Alert: Whale Transfers Spike as Burn Rate Jumps 248% appeared first on Coinpedia Fintech News

Shiba Inu (SHIB), often called the “Dogecoin Killer,” saw one of its biggest whale activities in months today. In just 24 hours, whales made 406 large transactions, over 1.06 trillion SHIB moved onto exchanges, and the burn rate jumped sharply.

This sudden spike in the Shiba ecosystem has left traders wondering if something bigger is coming.

Whale Activity Hits a Six-Month High

According to Santiment, a market intelligence platform, Shiba Inu has recorded 406 whale transactions, each worth more than $100,000, marking the busiest day for SHIB whales since June 6.

At the same time, SHIB saw a massive 505 billion token inflow into the top 10 exchanges, marking its biggest single-day spike since 2023. 

Overall, exchanges registered a net inflow of 1.06 trillion SHIB in just 24 hours, showing that major holders are actively repositioning and preparing for a potential market shift.

Such inflows typically hint at incoming volatility, especially when the overall crypto market is already unstable.

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Shib Burn Rate Shoots Up 248%

While whales were moving huge volumes, the SHIB community was busy reducing supply. In the past 24 hours alone, Shiba Inu’s burn rate exploded by 248%, with 14.28 million SHIB permanently removed from circulation.

So far, 410 billion SHIB have already been burned from the circulating supply of roughly 1 trillion tokens. This burn activity supports a long-term community goal of reducing the massive supply.

SHIB Price Outlook

When whale accumulation, exchange inflows, and rising burn activity happen together, it usually signals one thing, volatility is coming.

As of now, the Shiba Inu token is trading around $0.0000084 with a market cap of $4.98 billion. 

Looking at the 4-hour chart, SHIB is sitting in a clear descending channel. If the price breaks above the trendline, analysts see a move toward $0.00000913, and with strong momentum, even $0.00001035.

But if SHIB fails to hold support, it could drop back into the lower side of the channel and continue its downtrend. 

Well-known crypto analyst Javon Marks also notes a huge bullish divergence, suggesting SHIB could still attempt a large 234% rally toward $0.000032 if momentum shifts.

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