SHIB Price Surges Despite Lower Token Burning Over 24 Hours

• SHIB burning saw a reduction of 0.26% in the last 24 hours. Total supply stood at 589,247,710,238,485.
• SHIB price surged by 2.02% in the last 24 hours.
• Shiba Inu has sought strong holdings from its community members.

SHIB price surged over the last 24 hours despite fewer tokens being burned. The price is now anticipated to continue soaring in the next 5 days and 1 month. A reduction in SHIB burning comes at a time when Shiba Inu sought stronger holdings among community members. Interestingly, token burning is often considered a catalyst to inflate crypto prices.

SHIB Price Rises, Fewer Tokens Burned

One of the common phenomena linked to token burning is inflation of crypto prices. However, Shiba Inu may have just been able to sustain gains despite fewer burnings. It is reported that 69,597 SHIB tokens were burned in the last 24 hours, at the time of writing this article. This is down by 0.26%, and a further reduction of 92.66% in the past 7 days. The total supply of the meme coin stood at 589,247,710,238,485, with the market cap of $7,854,595,659 when token burning was reported.

SHIB prices are up by 2.02% in the last 24 hours, trading at $0.00001340 when the article is being drafted. This further notes a significant surge of 9.53% in the last 7 days.

SHIB price was last seen experiencing red trades on September 09, 2025. It did fluctuate after that, but a return to the greener landscape was quick. The price seems to have recovered, and it remains to be seen how long the token can sustain the bullish momentum.

What’s Next For SHIB Price?

Overall sentiments around Shiba Inu tokens are bullish, backed by the Fear & Greed Index of 57 points. A 3.08% volatility is expected to contribute to the rise of 8.03% in the token value in the next 5 days. The most optimistic angle to the SHIB price anticipation is that the token would surge by 51.23% in the next 1 month. This could take the value to $0.00002022.

The 14-day RSI is currently 57.21 points. This is supported by the 50-Day SMA of $0.00001282 and the 200-Day SMA of $0.00001319. However, SHIB remains away from the ATH of $0.00008845, which it recorded on October 28, 2021. Upcoming SHIB ATH, per reports, could happen if the global crypto market reaches $100 trillion.

It is important to note that crypto trades and investments are subject to volatility. Exercise thorough research and in-depth risk assessment before crypto trading or investment. This article is not advice or recommendation.

Shiba Inu Appeals Strong Holdings

Shiba Inu earlier acknowledged that the crypto market was sluggish and SHIB banked a modest dip. It further sought community to strongly hold on to the meme coin as it was forming a symmetrical triangle. Calling it a classic setup, Shiba Inu added that such a formation often precedes explosive moves.

Shiba Inu strengthened its pitch by stating that it is weak hands that exit and diamond hands that hold. Similarly, Polygon Foundation CEO Sandeep Nailwal had earlier triggered bullish sentiments for POL by publishing an X post saying, “Hold.”

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