A mysterious whale inside the Shiba Inu community, popularly known as SHIB Army, pleasantly surprised the remainder of SHIB holders with consecutive massive burns. Initially, the generous Shiba Inu (SHIB) whale emerged on March 23, 2025, when the official Shiba Inu burning tracker indexed a whopping 1 billion SHIB token contribution to the incinerator.
2 Billion Shiba Inu Coins Taken Out Of Game
Three days later, another jaw-dropping transfer of another 1B SHIB occurred on 2025-03-27 01:32:47 AM UTC (GMT) time, while the sender remained anonymous despite the same wallet being used for burns of other Shiba Inu ecosystem tokens, including 700+ Bone ShibaSwap (BONE) and DogeKiller (LEASH).
This has dramatically sped up the Shiba Inu (SHIB) burning process, portraying the SHIB supply reduction in a magnificent 57,069% 24-hour upswing. Given a SHIB OG status by Shiba Inu’s team lead Lucie, the Good Samaritan’s voluntary burning deed inspired 4 more following transactions, the largest one sending 22.14M Shiba Inu (SHIB) coins to the bottomless pit.
Shiba Inu’s Price Still Battles Key Resistance
Aside from the collective Shiba Inu (SHIB) burning efforts, the SHIB Army is closely looking at the price barrier starting from $0.000015 to $0.000019, where a gigantic 531 trillion Shiba Inu, possessed between 135.7K addresses, presents a resistance bubble that could either be flipped into huge support or build an unfavorable sell wall.
Currently standing on the middle Bollinger Band (BOLL), Shiba Inu’s (SHIB) is priced at $0.0000404, but only a breakthrough past the red-label Bollinger Band of $0.00001523 and a daily close above this level could produce any noticeable price appreciation for Shiba Inu (SHIB).
Despite claiming the $0.00001545 territory yesterday, this price level didn’t hold in a similar way to March 3, 2025. This could be tied to stagnant trading volumes on Spot markets, as traders show a tendency to speculate on Shiba Inu’s (SHIB) price with leverage on Derivatives, without actually owning the underlying digital asset.
On The Flipside
- With the current Shiba Inu price rates, the 2 billion coins destroyed over three days converts to $28,500, divided into two equal transactions of $14,250 to null crypto addresses.
Why This Matters
Having 41% of current Shiba Inu crypto custodians in profit, the asset’s market movement in the upcoming weeks could turn out to form a long-term price trend.
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