Despite Recent Turbulence, SHIB Has Gained 4.74% in the Last 24 Hours

Despite recent turbulence, SHIB has gained 4.74% in the last 24 hours, signaling short-term bullish momentum as the market looks for a bounce

Shiba Inu (SHIB) has risen by 4.74% over the last 24 hours despite recent market turbulence, signaling short-term bullish momentum. In the bigger picture, SHIB is still down 6.25% over the past week and 21.% over the past month, as the market continues to feel the effects of this week’s crypto crash. At press time, SHIB is trading at $0.00001452, hovering near a key support level.

Shib is up 4.74% in the last 24 hours, Source: Brave New Coin

SHIB’S Breakout Holding Firm—NEXT STOP 450% GAINS

Javon Marks, in a recent X post, highlighted a long-term breakout that occurred in early 2023 when SHIB broke a descending trendline. This technical move, confirmed by a subsequent retest, signals seller exhaustion and increasing buyer interest.

Even amid short-term corrections, SHIB continues to hold this breakout level, which keeps the long-term bullish thesis intact. According to Marks, this setup could lead to a surge to $0.000081—a multi-fold increase from today’s prices. He also noted a hidden bullish divergence, which usually precedes strong upside moves, unfolding in late 2025.

“$SHIB continues to hold its breakout which took place in late 2022/early 2023 and prices are still majorly positive since,” says Marks.

With this price breakout holding, the target for Shib continues to be at the $0.000081 point which is currently over 450% away, Source: X

As the apex meme coin, Shiba Inu (SHIB) continues to be a hot topic in the crypto sphere, with recent data from TipRanks showing that large holders, also known as whales, are accumulating the token.

Over the past 30 days, large holders have increased their SHIB holdings by 0.35%, indicating growing confidence among deep-pocketed investors. At the same time, mid-sized holders, typically strategic investors with a medium-to-long-term horizon, have boosted their positions by 0.30%. However, retail investors appear to be reducing their exposure, with smaller traders decreasing their SHIB holdings by 0.67%.

This shift in ownership structure might signal a transition to stronger hands, potentially setting the stage for a more sustained rally. As meme coin mania fades and the market adjusts to a new phase, the actions of large and mid-sized holders could play a greater role in SHIB’s price movements.

SHIBA INU COIN BURN RATE EXPLODES

Earlier this month, the Shiba Inu (SHIB) token burn rate skyrocketed by an astonishing 7,000% in the 24 hours, permanently removing over 1.1 billion SHIB tokens from circulation. This surge in burn activity coincides with the launch of ShibTorch V2, a newly upgraded burn mechanism designed to accelerate SHIB’s deflationary process.

According to Shibburn, this marks one of the largest daily burns in SHIB’s history. With this latest event, the total number of tokens burned has now surpassed 410 trillion, as the project continues its aggressive push to reduce its massive circulating supply. The ultimate goal? Create scarcity, boost long-term value, and address investor concerns over SHIB’s oversupply.

The launch of ShibTorch V2 has ignited a fresh wave of excitement within the Shiba Inu community, reinforcing the project’s commitment to a deflationary model. By systematically removing SHIB from circulation, developers aim to increase scarcity and drive long-term price appreciation.

Community-Driven Shiba Inu Burn Rate and Shibarium’s Role

SHIB’s burn strategy isn’t just a developer-led initiative—the community plays a crucial role, voluntarily contributing to burn campaigns. To facilitate this process, the Shiba Inu team has introduced multiple burn mechanisms, including:

88% of the Shib community are bullish according to Coinmarketcap

Will Burning SHIB Be Enough to Drive Prices Higher?

While the 410 trillion SHIB burned to date represents an impressive milestone, trillions more remain in circulation, keeping supply high. Unless demand increases significantly, token burns alone may not be enough to trigger a sustained price rally.

Still, the Shiba Inu community remains committed to reducing supply, hoping that over time, scarcity and ecosystem growth will translate into higher valuations. For now, all eyes are on whether ShibTorch V2 will make a meaningful impact—or if SHIB needs a stronger catalyst for a breakout.

The ShibBurn dashboard, Source: ShibBurn

The ShibBurn dashboard provides real-time tracking of Shiba