Shiba Inu (SHIB) continues to trade sideways in a tightly consolidated range, but behind the scenes, powerful on-chain activity is building momentum. In the past 24 hours alone, over 13.6 million SHIB tokens were permanently burned — a surge of 348.7% in burn rate — reigniting bullish sentiment among traders and analysts.
While price action remains range-bound, key technical indicators and ecosystem developments suggest that Shiba Inu may be preparing for a significant breakout. With growing deflationary pressure, improving technical structure, and expanding trading options on major platforms, the meme coin ecosystem is showing signs of maturing beyond speculation.
Market Snapshot: Current Performance of SHIB and Peers
As of the latest data:
- Shiba Inu (SHIB/USD): $0.00002801 | Market Cap: $16.5 billion | 24H: -2.1% | 7D: -6.6%
- Dogecoin (DOGE/USD): $0.4061 | Market Cap: $59.8 billion | 24H: -1% | 7D: -5.3%
- Pepe (PEPE/USD): $0.00002377 | Market Cap: $9.9 billion | 24H: -2.4% | 7D: +12.4%
Despite short-term bearish trends across the board, SHIB stands out due to its accelerated token burn and improving on-chain fundamentals.
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Bullish Signals: Technical Indicators Point Upward
Renowned crypto trader TheCryptoBull recently shared optimism about Shiba Inu’s price trajectory, stating the chart “looks primed for launch very soon.” This assessment is backed by solid technical evidence.
Relative Strength Index (RSI) Shows Building Momentum
As of December 12, Shiba Inu's Relative Strength Index (RSI) sits at 54.5, placing it firmly in neutral-to-bullish territory. In rising markets, RSI values between 40 and 90 are typical, with readings near 50 acting as strong support zones. The current level suggests accumulation is underway and downward pressure is easing.
Moving Averages Signal a Golden Cross
More compelling is the Simple Moving Average (SMA) structure:
- The 50-day SMA has crossed above both the 100-day and 200-day SMA, forming what traders call a “Golden Cross.”
- This pattern is widely recognized as a long-term bullish signal, often preceding major rallies.
Such alignment typically reflects growing investor confidence and sustained buying pressure over time — even if the price hasn’t yet reflected it.
Token Burn Surge: 13.6 Million SHIB Removed in One Day
One of the most significant catalysts recently has been the dramatic spike in SHIB burns.
According to Shibburn, approximately 13.6 million SHIB tokens were destroyed in the last 24 hours — an increase of 348.7% in daily burn volume. These tokens are permanently removed from circulation, reducing total supply and increasing scarcity.
Why Token Burns Matter
Token burning is a deflationary mechanism designed to:
- Reduce circulating supply
- Increase scarcity
- Potentially drive price appreciation over time
Sustained high burn rates often correlate with increased network usage or deliberate community-driven initiatives — both positive signs for long-term holders.
While large transaction volumes (> $100,000) have dipped from 555 to 461 in one day, and daily active addresses fell by around 3%, these short-term fluctuations don’t overshadow the broader trend of tightening supply.
Shibarium Holds Strong Despite Volatility
On the Layer-2 front, Shibarium, Shiba Inu’s proprietary blockchain, continues to demonstrate resilience.
Despite a slight decline in daily transactions, the network has maintained transaction volume around the 4.5 million mark, according to Shibariumscan data. This stability indicates consistent user engagement and infrastructure reliability — critical for future scalability and decentralized application (dApp) growth.
A healthy Layer-2 ecosystem supports not just faster and cheaper transactions but also enables staking, gaming, NFTs, and DeFi integrations — all essential components for transforming SHIB from a meme coin into a functional digital asset.
New Trading Option: Gemini Launches SHIB Perpetual Contract
In a move that expands institutional accessibility, Gemini introduced a new perpetual futures contract for Shiba Inu, priced in Gemini Dollar (GUSD) — its regulated stablecoin.
This development allows traders to:
- Go long or short on SHIB without holding the underlying asset
- Hedge positions using a dollar-pegged stablecoin
- Leverage market movements with lower capital requirements
The addition joins Gemini’s existing suite of contracts for Bitcoin, Dogecoin, XRP, and Bitcoin Cash — signaling growing recognition of SHIB as a legitimate trading instrument.
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Core Keywords and SEO Optimization
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- Shiba Inu price prediction
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These keywords reflect real-time queries from investors tracking Shiba Inu’s potential surge and are strategically placed to enhance discoverability without disrupting readability.
Frequently Asked Questions (FAQ)
What does a high SHIB burn rate mean for investors?
A high burn rate reduces the total supply of SHIB tokens over time, creating deflationary pressure. Historically, reduced supply with steady or growing demand can lead to upward price movement. While not an immediate guarantee, consistent burns are viewed as a positive long-term signal.
Is Shiba Inu likely to break out soon?
Based on technical indicators like the Golden Cross in moving averages and RSI trending upward, many traders believe a breakout is imminent. Combined with increased burns and platform expansions like Gemini’s new contract, momentum appears to be building.
How do perpetual contracts work for SHIB?
Perpetual contracts allow traders to speculate on SHIB’s price without owning the actual token. They can go long (betting price will rise) or short (betting it will fall), often using leverage. Gemini’s GUSD-settled contract adds stability by avoiding volatility from other cryptocurrencies.
Does low transaction volume affect SHIB’s future?
Short-term drops in large transactions or active addresses can occur during consolidation phases and don’t necessarily indicate weakness. More important is the overall trend in burns, network activity (like on Shibarium), and exchange listings — all of which remain strong.
Can SHIB reach top 10 crypto status by 2025?
While nothing is guaranteed, Shiba Inu’s infrastructure development, growing ecosystem, and recurring price surges (like its 208% rise this year) make it a contender. Reaching top 10 would require sustained adoption, exchange support, and favorable market conditions.
What factors could trigger a SHIB price surge?
Potential catalysts include:
- Continued high burn rates
- Expansion of derivatives products
- Increased Shibarium dApp activity
- Broader bull market momentum
- Institutional interest through platforms like Gemini
Final Thoughts: Is Shiba Inu Ready for Its Next Leg Up?
While Shiba Inu’s price has been quiet lately, the ecosystem is anything but dormant. From record-breaking token burns to technical patterns suggesting bullish momentum, multiple forces are aligning beneath the surface.
The introduction of new financial instruments like perpetual contracts further legitimizes SHIB as more than just a meme — it's becoming a tradable asset with real utility and growing infrastructure.
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With technical indicators flashing green, supply tightening rapidly, and Layer-2 adoption holding strong, now may be the time to reevaluate Shiba Inu’s potential — not just as a speculative play, but as part of a broader digital asset strategy.