{"id":48023,"date":"2025-04-25T00:50:09","date_gmt":"2025-04-25T00:50:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/48023\/"},"modified":"2025-04-25T00:50:09","modified_gmt":"2025-04-25T00:50:09","slug":"shiba-inus-1361-burn-spike-just-a-flash-in-the-pan-moment","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/48023\/","title":{"rendered":"Shiba Inu\u2019s 1,361% burn spike \u2013 Just a &#8216;flash in the pan&#8217; moment?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\">SHIB\u2019s burn rate spike and address growth hint at renewed user-driven momentum.<\/li>\n<li style=\"font-weight: 400;\">Shiba Inu\u2019s Exchange Inflows and long liquidations expose risk despite bullish technical formation.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Shiba Inu [SHIB] <\/a>recorded a staggering 1,361% surge in its 24-hour token burn rate, injecting renewed energy into the SHIB community. <\/p>\n<p>At press time, the token traded at $0.00001309, reflecting a 3.95% drop over the last 24 hours. But, price isn\u2019t always the first to react.<\/p>\n<p>While the price remains subdued, underlying on-chain metrics are showing promising signs of revitalized network activity. Recent address statistics reveal a significant uptick in user engagement.\u00a0<\/p>\n<p>New Addresses grew by 22.10% over the past seven days, while active addresses rose by 23.07%. <\/p>\n<p>Even zero-balance addresses, often linked to inactive or reset wallets, spiked by 31.41%. This pattern suggests both fresh inflows and renewed activity from dormant users.<\/p>\n<p>Historically, such increases have served as precursors to price volatility. <\/p>\n<p>However, whether this leads to a sustained rally depends on broader market participation and follow-through from whales and institutional players. <\/p>\n<p>For now, the organic user growth presents a strong foundational signal.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-24-131859.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-485528\" class=\"wp-image-485528 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"SHIB addresses stats\" width=\"1914\" height=\"743\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-24-131859.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-485528\" class=\"wp-caption-text\">Source: IntoTheBlock<\/p>\n<p><b>Bullish cup and handle forms: Can SHIB break resistance?<\/b><\/p>\n<p>On the technical chart, SHIB appears to be completing a bullish cup and handle formation. <\/p>\n<p>The neckline resistance stands at $0.00001411. A confirmed breakout above this level could propel the token toward the projected target at $0.00001709.<\/p>\n<p>However, there\u2019s a crucial support zone near $0.00001051. Losing this level would invalidate the pattern and potentially open doors to further downside. <\/p>\n<p>With the price consolidating near the neckline, the next few sessions will be critical in determining whether SHIB can maintain bullish momentum or face renewed selling pressure.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/SHIBUSDT_2025-04-24_14-15-35.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-485527\" class=\"wp-image-485527 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"SHIB price action \" width=\"2114\" height=\"1107\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/SHIBUSDT_2025-04-24_14-15-35.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-485527\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p><b>Is the memecoin\u2019s market setup bullish or overextended?<\/b><\/p>\n<p>Of course, this alone doesn\u2019t paint the full picture.<\/p>\n<p>Exchange reserves declined slightly by 0.12% over the last seven days, suggesting reduced selling pressure. This often signals accumulation by long-term holders. <\/p>\n<p>Yet, the 24-hour Netflow plunged by 157.97%, showing that traders recently rushed to deposit SHIB\u2014often a sign of intent to sell.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-24-135950.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-485529\" class=\"wp-image-485529 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1794\" height=\"504\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-24-135950.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-485529\" class=\"wp-caption-text\">Source: CryptoQuant<\/p>\n<p>Meanwhile, liquidation <a href=\"https:\/\/www.coinglass.com\/currencies\/SHIB\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">data <\/a>reveal a heavily bullish bias. <\/p>\n<p>At press time, long liquidations totaled $499K, compared to just $12K in shorts. This lopsided leverage often signals frothy optimism\u2014where any failed breakout may trigger a swift shakeout.<\/p>\n<p><b>Can Shiba Inu maintain its upward momentum?<\/b><\/p>\n<p>Despite the 24-hour price dip, SHIB\u2019s spike in burn rate and address activity reflect positive on-chain sentiment. However, exchange and derivatives data expose potential risks tied to over-leveraged optimism.\u00a0<\/p>\n<p>For SHIB to truly reverse its downtrend, it must break $0.00001411 with strong volume and sustained inflows. Until then, cautious optimism\u2014not FOMO\u2014may be the smarter play.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/defi-dev-corp-buys-9-8m-in-sol-as-price-slips-below-150-is-a-rally-to-176-next\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">DeFi Dev Corp buys $9.8M in SOL as price slips below $150 \u2013 Is a rally to $176 next?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"SHIB\u2019s burn rate spike and address growth hint at renewed user-driven momentum. Shiba Inu\u2019s Exchange Inflows and long&hellip;\n","protected":false},"author":2,"featured_media":48024,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-48023","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114395862026899566","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/48023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=48023"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/48023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/48024"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=48023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=48023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=48023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}