A Mysterious Whale Inside the Shiba Inu (SHIB) Community Pleasantly Surprised SHIB Holders By Burning 1 Billion Coins

A mysterious whale inside the Shiba Inu community, popularly known as SHIB Army, pleasantly surprised the remainder of SHIB holders with consecutive massive burns.

A mysterious whale inside the Shiba Inu community, popularly known as SHIB Army, pleasantly surprised the remainder of SHIB holders with consecutive massive burns.

Initially, the generous Shiba Inu (SHIB) whale emerged on March 23, 2025, when the official Shiba Inu burning tracker indexed a whopping 1 billion SHIB token contribution to the incinerator.

2 Billion Shiba Inu Coins Taken Out Of Game

Three days later, another jaw-dropping transfer of another 1B SHIB occurred on 2025-03-27 01:32:47 AM UTC (GMT) time, while the sender remained anonymous despite the same wallet being used for burns of other Shiba Inu ecosystem tokens, including 700+ Bone ShibaSwap (BONE) and DogeKiller (LEASH).

This has dramatically sped up the Shiba Inu (SHIB) burning process, portraying the SHIB supply reduction in a magnificent 57,069% 24-hour upswing. Given a SHIB OG status by Shiba Inu’s team lead Lucie, the Good Samaritan’s voluntary burning deed inspired 4 more following transactions, the largest one sending 22.14M Shiba Inu (SHIB) coins to the bottomless pit.

Shiba Inu’s Price Still Battles Key Resistance

Aside from the collective Shiba Inu (SHIB) burning efforts, the SHIB Army is closely watching the price barrier starting from $0.000015 to $0.000019, where a gigantic 531 trillion Shiba Inu, possessed between 135.7K addresses, presents a resistance bubble that could either be flipped into huge support or build an unfavorable sell wall.

Currently standing on the middle Bollinger Band (BOLL), Shiba Inu’s (SHIB) is priced at $0.0000404, but only a breakthrough past the red-label Bollinger Band of $0.00001523 and a daily close above this level could produce any noticeable price appreciation for Shiba Inu (SHIB).

Despite claiming the $0.00001545 territory yesterday, this price level didn’t hold in a similar way to March 3, 2025. This could be tied to stagnant trading volumes on Spot markets, as traders show a tendency to speculate on Shiba Inu’s (SHIB) price with leverage on Derivatives, without actually owning the underlying digital asset.

On The Flipside, traders could be indifferent to price movements in either direction, especially with a 24-hour price change of -0.78% and a 7-day price variance of 11.7%.

This lack of decisive action could be a factor in the prolonged accumulation of immense sell orders in the upper price ranges, turning the apex into a Triple Top, while the lower support is slowly ebbing away with each attempt to break through the critical resistance.

Shiba Inu Community Is Focused On Burning

The community is focused on burning, aiming to reduce the circulating supply of Shiba Inu tokens to encourage scarcity and potentially drive up the value of the token.

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The generous soul made another contribution of 1 billion SHIB to the official Shiba Inu burning tracker on Friday, continuing their surprising donations to the SHIB community.

This contribution is part of a larger effort by the Shiba Inu community to reduce the circulating supply of Shiba Inu tokens, which could help to increase the value of the token. The initiative has seen contributions from other members of the community, with the second-largest donation being 22.14 million SHIB.

Earlier this month, the Shiba Inu (SHIB) token faced a setback as it failed to maintain gains above the $0.000015 level, despite a brief rally that pushed the token to claim the $0.01545 territory.

However, this price level didn't hold in a similar way to March 3, 2025, where the SHIB price faced a decisive rejection from the lower Bollinger Band (BOLL) support.

This rejection occurred as a part of a broader trend that saw Shiba Inu (SHIB) remaining in a limited trading range, with the upper Bollinger Band acting as a barrier to further gains.