SHIB on Fire: 17M Tokens Burned in 24 Hours – New Peak Incoming?

An unexpected surge in the world of memecoins: Shiba Inu is no joke anymore. In just one day, nearly 17 million tokens were burned, triggering a price increase and a wave of optimism in the community. And this is not just a flash in the pan: behind this dynamic lies a strategy that could well propel SHIB to new heights. Analyzing a blaze that catches the attention of the crypto market.

Massive burn: a hot shot for the supply of SHIB

The Shiba Inu news: on April 13, nearly 17 million SHIB were burned, thus permanently removed from circulation. Two wallets, clearly identified by observers, executed these operations: one burned 10 million tokens, the other 4.3 million.

This surge led to a burn rate explosion of +1000 %, according to data from Shibburn. Since its inception, 410.74 trillion SHIB have been destroyed, reducing the circulating supply to about 584.37 trillion.

In the Shiba Inu ecosystem, the reduction of supply is a fundamental lever. Fewer tokens = more scarcity = bullish potential. And this logic seems to be working: the price of SHIB jumped by 3 %, reaching $0.00001220.

SHIB is well positioned right now. $0.00001570 is the short-term target.

A price that shivers, a target that sparkles

The $0.00001570 threshold has become the declared objective of many community members. Trader SHIB Knight has made it clear: the level is in sight if momentum persists.

The price went from $0.00001183 to $0.00001220 in 24 hours. But this is not just a technical bounce: the movement is supported by a return of confidence in the crypto market.

The ripple effect of Bitcoin, back at $83,000, also matters. The return of risk appetite benefits the entire altcoin segment, including SHIB.

Technical analysis supports the optimism: the RSI remains in a neutral-bullish zone. In case of a clear break of resistance, SHIB could shoot towards $0.000015, or even higher.

Other technical signals like the MACD confirm the renewed momentum. Selling pressure appears contained, and buyers are gradually regaining control.

A change of approach among investors

What is surprising is the change of tone in the community. Moving from short-term hype to a strategy focused on supply management.

Burning tokens, yes. But methodically. The recent operations are not anecdotal: they are part of a thoughtful dynamic, almost industrial.

The market structure seems to be evolving. Open interest remains modest, limiting liquidation risks. And organic engagement is on the rise across social channels.

“New attempt by SHIB to break through resistance” – SHIB Knight, still on the front

This return to grace is set against a broader backdrop of repositioning SHIB for the long term. Is it the end of the simple meme token? Maybe. The fundamental signals are there, in any case, to reassess the asset’s potential.

Key points to remember:

• +1000 % burn rate in 24h, with 17 million SHIB removed;
• Circulating supply reduced to 584.37 trillion tokens;
• Price up by 3 %, community target at $0.00001570;
• Two wallets responsible for massive burns;
• A stated supply strategy, coupled with a bullish market trend.

Shiba Inu is advancing but remains attentive to the market. If the burns stoke enthusiasm, a major catalyst is still missing to validate the momentum. While waiting for this trigger, the community tightens ranks, convinced that the shadow of the past hints at a less volatile future… and perhaps a more glorious one.