Shiba Inu price tests $0.000013 resistance as burn rate spikes

Shiba Inu is hovering just below the $0.000013 resistance on the 4‑hour chart, with the 200‑period EMA adding support, after a 1.7% rise that lifted daily volume to over $2 billion [3]. The surge follows an unprecedented 3,465% jump in the token’s burn rate, where 9.81 million SHIB were destroyed in a single day, 9.47 million of them in one transaction [3].

The burn spike reflects the protocol’s design to trim circulating supply by burning a slice of transaction fees, a move that could tighten supply if the trend continues. Although the burned tokens represent a minuscule slice of the roughly 590 trillion SHIB in circulation, the size of the single‑transaction burn suggests large holders are actively moving positions [3]. Whale concentration remains high at 63% of supply held by addresses owning over 1%, a level that amplifies price volatility compared with Bitcoin’s 1.5% whale share [1].

Volume dynamics reinforce the whale narrative. Early March saw daily trading above $2 billion as the coin rallied, but recent days have slipped below $1 billion, coinciding with a price pullback and a quieter market [1]. The latest volume doubling in 24 hours, despite modest price gains, hints at accumulation ahead of a potential breakout [3].

Shiba Inu’s broader ecosystem shows mixed signals. Acceptance among merchants has risen to 935, a 16% year‑over‑year increase, indicating growing real‑world use, yet the token still lags far behind Bitcoin’s 9,400+ accepting merchants [1]. Meanwhile, investor sentiment is shifting toward newer meme projects that promise utility, such as Little Pepe’s Layer‑2 chain and Jotchua’s community focus, suggesting some capital may drift away from SHIB [2].

If SHIB cracks the $0.000013 ceiling, short‑term targets of $0.000015 and $0.000016 could be reached, but a pullback to $0.0000125 may also occur as liquidity builds [3]. The real question is whether the heightened burn activity and whale accumulation can sustain a breakout, or if the token will retreat amid growing competition from emerging meme coins.