- Shiba Inu’s weekly token burns are increasing after a period of limited activity, suggesting a potential market revival.
- Whale accumulation has surged significantly, with over 80 billion SHIB tokens flowing daily into large investor wallets.
- The renewed burn trend indicates improving sentiment and demand, boosting optimism for possible SHIB price recovery.
Shiba Inu’s weekly token burn rate has begun to rise again after several weeks of limited activity. Data from blockchain tracker Shibburn confirms the uptrend, signaling a possible shift in sentiment within the SHIB community. Although the current burn figures are lower than previous surges, they mark a consistent recovery in burn frequency.
Previous Burn Slowdown Reflected Market Caution
The SHIB burn rate showed reduced activity in the beginning of this year, which suggested diminished on-chain demand together with minimal trading participation. Investors took a cautious approach according to the widespread interpretation of this period of inactivity. The recent increase demonstrates an ascending trend of systematic activity throughout the whole network.
The renewed burn momentum has been closely linked to increased interest from large holders. Recent data reveals that net SHIB flows from whales have increased dramatically, rising from near-zero to over 80 billion tokens per day. This behavior follows a spike in whale transactions, which saw around 160 billion tokens move into SHIB wallets within two days.
SHIB’s burn mechanism aims to create scarcity by permanently removing tokens from circulation. As whale interest continues to rise, the increased demand leads to a higher burn rate to maintain balance in the ecosystem. The SHIB team had earlier scaled back on burns due to low participation, but the current shift suggests renewed investor confidence.
Investor Sentiment Turns Positive as Burn Rate Picks Up
The decision to accelerate SHIB burning comes at a time when the token’s price performance is under renewed focus. While past weeks saw downward pressure on prices, the fresh wave of burns has revived optimism among investors. The expectation now centers around potential price improvement if the current trend continues.
