- SHIB’s burn rate has surged nearly 2,000%, Shibarium activity is booming, and exchange outflows signal growing holder confidence.
- These key factors suggest a potential rally could be on the horizon for Shiba Inu.
Shiba Inu (SHIB) may be dragging its paws lately, but don’t count it out just yet. Despite a 5% decline over the past month and a current trading price of around $0.00001192 (per CoinGecko), several bullish signals suggest the memecoin could be ready to bounce.
Here are three reasons why SHIB’s next surge might be closer than you think:
Also read: 7 Reasons XRP Price Stays Flat Despite Ripple’s Legal Wins, According to Top Engineer
1. A Burn Rate Bonanza
In the past 24 hours alone, SHIB’s burn rate has skyrocketed by nearly 2,000%, eliminating over 17.6 million tokens. The most notable contributor? A mysterious wallet responsible for over 90% of that massive burn.
Token burns aim to cut SHIB’s colossal supply, increasing scarcity and, in theory, value. While burns don’t guarantee a price spike, they do build a solid foundation—especially when paired with growing demand.
2. Shibarium’s Ecosystem is Heating Up
Shibarium, SHIB’s layer-2 scaling solution, has recently seen daily transactions surge past the 3 million mark. Faster speeds, lower fees, and built-in SHIB burning make Shibarium a core pillar of the project’s future.
Crypto personality Jeremie Davinci believes Shibarium has potential to fuel major gains, stating:
“It’s a chain that you can actually run all kinds of applications… If they get that solved, Shiba Inu will go to the moon.”
Though real-world use cases remain limited, rising on-chain activity may indicate that utility is on the horizon.
3. Exchange Outflows on the Rise
Another bullish sign? SHIB is quietly moving off exchanges. Recent data shows that outflows are exceeding inflows—a typical signal that holders are opting for long-term self-custody over quick trades.
When investors pull tokens off exchanges, it often means they’re not planning to sell anytime soon, easing selling pressure and potentially paving the way for upward momentum.
SHIB may be trading in the red for now, but with explosive token burns, an evolving ecosystem, and shifting investor behavior, the meme-inspired token could be priming for a comeback. The question isn’t if SHIB will rise—it’s when.
