Shiba Inu (SHIB) is underneath promote stress as its burn fee has hit an absolute halt, with knowledge from Shibburn exhibiting a pointy fall within the token burning. The complete variety of SHIB tokens burned from the very begin nonetheless stays at 410,748,494,626,099 out of the unique provide.
Shiba Inu burn fee falls 100%
The burn fee of Shiba Inu has completely slowed down in keeping with Shibburn data. It signifies a 100% drop in burn exercise over the previous 24 hours. This means no SHIB tokens have been destroyed from circulation throughout this era.
This dramatic lull in token burns comes on the heels of a serious spike in burn exercise on May 11, 2025. It was the day that the burn activity spiked by 9400%. The sudden flip from heightened burning to finish inaction highlights the risky nature of SHIB’s burn operate.
SHIB buyers have intently tracked the burn fee, which most immediately influences the token’s provide. Burns sometimes happen by way of numerous mechanisms. Spontaneous burns carried out by neighborhood members, venture initiatives, and the automated burning mechanism of the Shibarium Layer 2 resolution are a few of these.
What did the SHIB workforce do for the meme coin?
The Shiba Inu workforce has expanded the venture since its creation, in keeping with workforce member LUCIE’s latest tweet. The journey started in 2020 when the workforce acquired SHIB after its preliminary launch by Ryoshi as a decentralized ERC-20 token with none pre-sale or workforce tokens.
What the Shib Team Did for SHIB
Source: https://t.co/KBMdomim9y
1. Embraced SHIB After Creation (2020)
• SHIB was launched by Ryoshi as a decentralized ERC-20 token — no pre-sale, no workforce allocation. The Shib workforce later adopted the venture and expanded it massively.2. Built…
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) May 16, 2025
In 2021, the group created ShibaSwap and launched DeFi utility by way of staking (bury), liquidity farming (dig), and token buying and selling. This was after the discharge of Shibarium Layer 2 in 2023. The Shibarium implementation additionally included an auto-burn mechanism the place a share of gasoline charges is used to purchase and burn SHIB.
The ecosystem continued to develop in 2024 with the event of a SHIB Identity System for decentralized functions and Web3 accounts. LUCIE identified common adoption by way of listings on over 100 main exchanges like Binance, Coinbase, Kraken, and Crypto.com.
Adoption on the planet has expanded with SHIB getting used as fee by corporations like Newegg, AMC Theatres, choose Gucci areas, Travala.com, and by way of fee processors to hundreds of retailers. The agency has additionally diversified into gaming and NFTs with completely different titles together with Shiba Eternity, Lap Dogs, Agent Shiboshi, and Shiboshi Rush, together with NFT units like Shiboshis and Sheboshis.
55% of token holders are at a loss
Recent market statistics from IntoTheBlock reveal that it has not been interval for Shiba Inu buyers. From the statistics, 55% of all SHIB addresses are within the crimson. This signifies that greater than half of all addresses holding SHIB bought their tokens at costs increased than the present market buying and selling worth.
The distribution of revenue to house owners additionally breaks down as 43% of homeowners in revenue and solely 2% breaking even. This underwater place, for almost all of buyers, presents potential promoting stress.
Time-series holdings knowledge additionally replicate a largely long-term holder neighborhood since 78% of the holders maintain it for greater than a yr. 20% of the holders are medium-term holders (for 1 to 12 months). Additionally, a mere 2% are short-term holders (holding for lower than a month).
While Shiba Inu at the moment hovers across the $0.000015 degree, the actual query is whether or not the SHIB price can maintain that degree. According to evaluation shared by analyst SHIB KNIGHT, the meme coin is forming a falling wedge sample.
$SHIB is forming a falling wedge sample. Target is round 0.00002 pic.twitter.com/WWdWNmPemE
— $SHIB KNIGHT (@army_shiba) May 16, 2025
A falling wedge sample is an indication of a possible bullish reversal. It primarily signifies that the promoting stress is fading away and that the patrons are taking up. As per the analyst, Shiba Inu is anticipated to hit the $0.00002 degree.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with practically 7 years of expertise within the cryptocurrency business. He has contributed to quite a few publications, together with WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
