The Shiba Inu price is once again capturing attention after the token’s 24-hour burn rate skyrocketed by an astonishing 4,833%. This surge in token destruction reflects a renewed wave of community activity and growing optimism. It could mark the start of a new upward phase for SHIB.
Whale activity grows as volatility cools
Not only are more tokens being burned, but major investors—commonly known as whales—are also stepping in. The net flow from large SHIB holders has surged over 6,000% in the past week alone. This sharp accumulation often signals growing long-term conviction among experienced players.
At the same time, Shiba Inu’s price volatility has dropped to 69.20%, the lowest in the last 30 days. After peaking at 84.62% in late April, this cooling trend typically sets the stage for a breakout. Historically, periods of low volatility during consolidation have preceded strong price movements.
Traders position for volatility spike
Speculative interest in SHIB is ramping up fast. In the derivatives market, trading volume jumped 27% to $122 million, while open interest climbed nearly 12% to $174 million. These indicators suggest traders are preparing for a significant move in either direction.
On-chain data shows SHIB reserves on exchanges fell by 6.57%, while net outflows spiked by over 1,500%. This suggests large holders are moving tokens into cold storage—reducing selling pressure and signaling long-term confidence.
Is a Shiba Inu price surge imminent?
With burn rates exploding, volatility decreasing, whales accumulating, and derivatives activity intensifying, all eyes are on SHIB’s next move. A breakout above the $0.00001600 resistance level with strong volume could push the token toward the $0.00002400 zone.
Despite past periods of stagnation, this combination of technical and on-chain indicators is raising eyebrows. Many believe SHIB may be gearing up for its next rally.
For crypto investors seeking high-risk, high-reward plays, the Shiba Inu price might just be worth watching closely.
