CaryptosHeadlines Media Has Launched Its Native Token CHT.
Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT.
Join the Airdrop at the official website,
CryptosHeadlinesToken.com
- Shiba Inu’s daily burn rate jumped 1547 percent, with over 13 million SHIB tokens permanently removed from circulation within 24 hours.
- Weekly metrics revealed 527.54 million tokens burnt, pushing the weekly burn rate up by over 465 percent and signaling higher market activity.
- Analyst projections maintain a price target of $0.000081 for SHIB, suggesting a potential 500 percent increase based on chart patterns and breakouts.
Shiba Inu’s burn rate recorded a sharp rise of 1547.97 percent on Monday, according to data released by the tracking platform Shibburn. This marked increase resulted from the removal of approximately 13.29 million SHIB tokens from circulation within 24 hours.
A deeper look into the transaction records showed that the wallet address ‘0x541f60e5576764’ alone contributed to this significant reduction. This address was responsible for burning 12.13 million tokens, accounting for most of the day’s activity.
Weekly Burn Totals Reflect Strong Market Activity
Besides the daily figures, the weekly burn metrics also drew attention. Data highlighted that 527.54 million SHIB tokens were permanently removed from supply over the past seven days. This sharp decrease caused a 465.59 percent rise in the weekly burn rate, offering a strong signal of continued market interest.
$SHIB (Shiba Inu)’s breakout target at the $0.000081 level goes UNCHANGED!
As prices continue to hold broken out, and up since showing responsiveness to this breakout, another nearly +500% upside to reach this target could still be well in the works… https://t.co/HpENwKPFfb pic.twitter.com/kNJx4aq8if
— JAVON
MARKS (@JavonTM1) March 16, 2025
Despite recent burns, the meme coin still has a circulating supply of 584.34 trillion tokens. To date, a cumulative 410.72 trillion tokens have already been sent to dead wallets, marking a large-scale effort to reduce the token count in the market.
SHIB Price Edges Up Alongside Burn Trend
The increase in the burn rate caused SHIB to experience a 2 percent daily increase that resulted in a trading price of $0.00001328 during reporting. In the recent 24-hour period the price of SHIB_items fluctuated between $0.0000126 and $0.00001378. Consequently, the coin recorded an almost 8 percent increase over the week.
Amid growing bullish sentiment, market analyst Javon Marks reaffirmed his forecast for a price breakout. According to his recent update, SHIB’s price is still holding a breakout pattern formed in late 2022 and early 2023. He cited $0.000081 as the next target level, representing a 500 percent potential increase from current prices.
Additionally, the token has shown a hidden bullish divergence across broad time frame charts. This technical indicator aligns with the ongoing recovery trend and supports the analyst’s forecast of further growth.
