Shiba Inu Burn Rate Surges 111%, Sparks Fresh Bullish Sentiment

Shiba Inu (SHIB) is showing signs of renewed momentum as its burn rate jumps by 111.43% in 24 hours, with a weekly increase of 19.48%, according to blockchain tracker Shibburn. This notable uptick marks a potential revival in SHIB’s deflationary mechanism, reigniting optimism among holders.

SHIB’s burn strategy—sending tokens to inaccessible “dead” wallets—aims to decrease circulating supply and drive scarcity. While previous weeks showed subdued burn activity, the latest spike signals that investor interest may be returning. The rise comes after a slowdown in token burns that coincided with lower on-chain demand and reduced trading activity.

Contributing to this positive shift is a significant increase in whale activity. Over the past month, SHIB has seen large inflows, with more than 160 billion tokens moving into whale wallets in just two days. Net daily inflows for major holders have surged from near zero to over 80 billion SHIB, reflecting renewed accumulation. Whale interest in SHIB has grown over 120% in 30 days, suggesting that big players are positioning themselves for potential gains.

This combination of increased whale accumulation and revived token burns hints at growing demand for SHIB, potentially setting the stage for a price rally. While past reductions in burn activity correlated with price stagnation, the current trend suggests that SHIB may be preparing for a breakout. The surge in burn rate and whale inflows could be the early signals of a bullish reversal, drawing attention back to the meme coin’s long-term deflationary vision.

With renewed investor interest and token burns gaining pace, SHIB could be heating up for its next major move.