# Shiba Inu price tests $0.000013 resistance as burn rate spikes

**Published:** 2026-06-16T11:02:51.785Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/eda10841-65b8-4ef5-b1bb-709a51302692

Shiba Inu (SHIB) hits key $0.000013 level, burn rate jumps 3,465% and whale activity rises, signaling a potential breakout.

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.

## Sources
1. The Motley Fool — [Up 130% Already This Year, Can Shiba Inu's Price Go Even Higher?](https://www.fool.com/investing/2024/05/05/up-150-already-this-year-can-shiba-inus-price-go-e/)
2. Outlook India — [3 Meme Coins Gaining More Buzz Than Shiba Inu Amongst Big Investors Right Now](https://www.outlookindia.com/xhub/blockchain-insights/3-meme-coins-gaining-more-buzz-than-shiba-inu-amongst-big-investors-right-now)
3. Benzinga.com — [Shiba Inu Price Prediction: Burn Rate Explodes 3,465% in 24 Hours – Is $1 SHIB Now in Play?](https://www.benzinga.com/content/47009849/shiba-inu-price-prediction-burn-rate-explodes-3-465-in-24-hours-is-1-shib-now-in-play)

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Cite as: TrendWatcher, "Shiba Inu price tests $0.000013 resistance as burn rate spikes", https://www.trendwatcher.in/article/eda10841-65b8-4ef5-b1bb-709a51302692