Shiba Inu is once again testing the $0.000014 resistance bubble, critical for wider breakthrough in the short term. The blue-chip dog-embossed meme coin picked up 9% gains on Wednesday, responding to Ethereum’s (ETH) rally toward $5K, as well as a massive SHIB burning initiative.
This SHIB Burn Transfer Takes The Cake
Particularly, one Good Samaritan was spotted sending over 85 million SHIB tokens to a null crypto wallet address, which is officially used to reduce the mainstream meme coin’s supply. This massive transaction boosted Shiba Inu’s daily burn rate by a colossal 48,324%, as the previous day had hardly seen any burns.
With today’s burning stats, the remaining circulation stands at 484.62 trillion, going gradually down over the years from the initial 999.98 trillion coins minted. The rising scarcity rates for SHIB is crucial in the longer term, as more Shiba Inu tokens leave crypto exchanges than ever.
According to Crypto Quant, the SHIB crypto reserves on crypto exchanges stood below the 100 trillion mark since February, 2025. Ultimately, this signals the SHIB holder’s desire to hold the token in self-custodial wallets, usually a sign of long-term holding.
As of publication time, the #29 ranking memecoin is switching hands at $0.00001399, just below the key resistance bubble of $0.000014 to $0.000019. According to IntoTheBlock’s insights, this particular SHIB price level holds a whopping 522.25 trillion tokens, so mutual holder sentiment could turn out to be decisive in the short-term.
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SHIB’s price surged 9% to $0.00001402 after an 85.79M token burn spiked the burn rate by 48,324%, boosting scarcity. Meme coin rally also fueled gains.
An unidentified whale burned 85.79M SHIB tokens in one transaction on August 13, 2025, at 07:40 PM EEST, sending them to a dead wallet to cut supply.
Burning reduces Shiba Inu coin’s 584T token supply, increasing scarcity and supporting the 9% spike, aided by Bitcoin and meme coin market trends.
The popular memecoin could hit $0.0000254, a 59% gain, if it breaks $0.0000159, backed by a double bottom pattern, but RSI (62) hints at pullback risk.
Top 10 wallets hold 37%, risking sell-offs. If SHIB fails to break $0.0000159 or ETH drops below $4,391 as of August 13, 2025, SHIB could fall to $0.000010.
