Shiba Inu Burn Rate Explodes 1,993% — Is a Major Price Rally Coming Next?

Shiba Inu’s burn rate skyrocketed 1,993%, drastically reducing circulating supply.

Analysts suggest the burn spike could ignite SHIB’s long-awaited bullish momentum.

Investors eye key resistance levels as SHIB’s price shows signs of recovery.

Shiba Inu has caught attention again after a massive 1,993% spike in token burns. Over 10 million SHIB tokens have been eliminated, tightening supply and sparking new optimism among holders. The token now trades around $0.00001011, gaining over 2% in a single day. Investors are also buzzing after T. Rowe Price filed for the first U.S. Shiba Inu ETF. Both developments hint at growing confidence in SHIB’s long-term potential.

Bullish Pattern Strengthens the Case for Recovery

Shiba Inu’s chart is shaping up favorably. A falling wedge pattern has formed over recent months, often a sign of a coming breakout. The pattern shows shrinking price swings, with sellers gradually losing control while buyers defend key levels. Support has held steady near $0.0000097, a zone that has seen multiple successful retests. Fresh capital inflows have started to build again, showing traders’ growing confidence in an upward move.

The Money Flow Index currently reads 68, signaling strong buying activity. As momentum picks up, traders are watching two critical resistance levels at $0.0000111 and $0.0000129. A clean break above those zones could open the path toward $0.00001760. The “Cup and Handle” formation on shorter timeframes also supports a possible push higher. Buyers seem to be regaining control, forming higher lows and reducing volatility.

Burn Surge and ETF Filing Ignite Confidence

The recent burn activity has become one of the strongest catalysts for SHIB’s momentum. Data from Shibburn confirms a 1,993% increase in the token burn rate, cutting over 10 million SHIB from circulation. This large-scale reduction strengthens the scarcity narrative that often drives long-term price appreciation.

At the same time, T. Rowe Price’s ETF filing has elevated SHIB’s reputation in the financial world. The proposed fund includes SHIB alongside Bitcoin, Ethereum, and Solana. That move signals that traditional finance is starting to acknowledge meme coins as serious assets. The ETF’s goal to outperform leading crypto benchmarks could draw in more institutional capital and increase liquidity around SHIB.

The mix of reduced supply and institutional exposure creates a strong foundation for future growth. On-chain participation has also risen, with more holders showing long-term conviction. As new investors enter, market sentiment continues to shift toward optimism. The balance of fundamentals and technical strength points to a maturing project rather than a short-term fad.

Shiba Inu’s burn rate soared 1,993%, erasing millions of tokens and tightening supply. A bullish chart structure and strong inflows suggest an upcoming breakout. Institutional interest through the ETF filing adds new credibility and growth potential. With momentum building, SHIB appears ready for another strong move toward recovery.