SHIB Price Shows Signs of Stabilization as Burn Rate Spikes, New Investors Flock to the Token

Shiba Inu, the popular meme-inspired cryptocurrency, has shown signs of stabilization after a recent market downturn.

Shiba Inu (CRYPTO: SHIB) has shown signs of stabilization after a recent market downturn, presenting fresh opportunities for investors.

What Happened: Shiba Inu, the meme-inspired cryptocurrency, is currently trading at $0.00001303 at the time of writing, showing a slight uptick from its March low of $0.00001085.

Despite remaining about 62% below its November high, recent developments have sparked renewed interest in the token’s future.

The most striking development has been the surge in Shiba Inu’s burn rate. Recent data from the ShibBurn website indicates that the burn rate soared between 8,454% and 62,000%.

In a 24-hour period, over one billion SHIB tokens were sent to an "burn" or "null" address, which effectively removes them from circulation.

This rate of burning is the highest observed in the past 12 months, and it follows a period of inactivity in February, where no tokens were burnt for several days.

Also, a previously dormant Ethereum (CRYPTO: ETH) whale has been spotted accumulating billions of Shiba Inu tokens, according to a recent report by cryptocurrency analytics platform TipRanks.

The so-called "dormant" whale, which is an investor holding an asset for at least six months, was last active in November 2023, when they sold a portion of their LINK and SOL tokens.

Recently, the whale was seen buying a massive amount of Shiba Inu tokens. Available data shows that the whale acquired 1.5 billion LINK, 1.3 billion SOL, and 300 million MATIC tokens.

Shiba Inu Price Movement: SHIB is trading at $0.00001303 at the time of writing, having recovered slightly from its recent low of $0.00001085. The token is still down 62% from its November high.

Shiba Inu is listed on over 110 exchanges with 212 trading pairs—including all the major platforms.It’s basically everywhere: easy to access, easy to trade.

Is SHIB good for an ETF?YES.

Will boomers invest in a “doggy coin”?Also yes.Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last.

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 23, 2025

The possibility of a Shiba Inu ETF was also raised by Shiba Inu marketing lead Lucie, who made the comment in response to a question from a follower.

“Shiba Inu is listed on more than 110 exchanges with 212 trading pairs—including all the major platforms. It’s basically everywhere: easy to access, easy to trade. Is SHIB good for an ETF? Yes. Will boomers invest in a ‘doggy coin’? Also yes. Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last,” wrote Lucie.

Her comments come at a time when the crypto industry has seen increased regulatory acceptance.

The SEC has acknowledged Grayscale’s filing for a Dogecoin (CRYPTO: DOGE) ETF, and other companies like Canary Capital have filed for crypto-backed ETF approvals.

Shiba Inu’s price has shown signs of stabilization after a recent downturn, presenting potential opportunities for investors.

The daily chart shows that after reaching a low of $0.00001085, Shiba Inu has formed what analysts describe as a bullish divergence pattern.

Both the Percentage Price Oscillator and Relative Strength Index have tilted upward, despite the price remaining within a narrow range.

This divergence could indicate that the selling pressure is decreasing, setting the stage for a potential upward move.

Shiba Inu is also forming a falling wedge pattern, which is often interpreted as a bullish sign. This pattern consists of two descending and converging trendlines.

The price is now moving slightly above the upper side of the wedge, which could signal a breakout from the pattern.

Shiba Inu is currently testing a resistance point at $0.00001855, which represents a 45% increase from current levels. More optimistic predictions suggest the price could eventually reach $0.01, which would be an 83,000% surge.

These bullish price projections are based on several factors. Shiba Inu is a deflationary token, in contrast to Bitcoin (CRYPTO: BTC), which faces annual inflation as more BTC is mined.

The Shibarium layer-2 network is expected to launch soon, aiming to improve scalability and efficiency. This development is part of an ongoing effort to transition Shiba Inu from a meme coin to a utility token with practical applications