1. What caused the SHIB burn rate jump?
On-chain data reveals that over 27 million SHIB tokens were permanently removed from circulation, a spike driven primarily by a single private whale wallet routing nearly 25 million tokens to a dead address.
2. Why did SHIB price fail to rise after the burn surge?
Despite the 1,034% burn metric spike, the tokens removed represent a tiny fraction of Shiba Inu’s multi-trillion circulating supply. Without strong net capital inflows or an expansion in spot buying volume, the burn lacked the structural weight to trigger a rally.
3. What is SHIB token burning?
The Chaikin Money Flow (CMF) indicator is hovering deep in negative territory around -0.15, confirming that continuous capital outflows are overriding the positive burn news and stalling bullish momentum.
4. What resistance level are traders watching?
Market participants are heavily focused on the $0.0000648 price ceiling, a formidable horizontal barrier that has triggered aggressive profit-taking and repeatedly rejected every major breakout attempt since April.
5. Can SHIB still rally in the future?
If selling pressure intensifies at the resistance line, immediate short-term support rests at the $0.0000622 level, with a much stronger macro market floor established down at $0.0000550.
