Shiba Inu has flashed a bullish signal after a price correction that has lasted since December 5, 2025, with the cryptocurrency showing signs of recovery and potential growth. Notably, the Shiba Inu has been abuzz with activity, particularly following significant whale movements and an unprecedented spike in the token’s burn rate. These events suggest that SHIB might be setting the stage for a notable price breakout. Whale withdrawals 144.29B SHIB tokens In a recent development that caught the eye of many in the crypto community, a mysterious transfer activity was noted involving Shiba Inu. A wallet with the address “0xB768” withdrew a colossal 144.294 billion SHIB tokens, valued at about $2.39583 million, from the leading US digital assets exchange, Coinbase. Source: Arkham This transfer was significant in volume and because the wallet was newly created, never used before, which often hints at strategic moves by large investors or ‘whales’. The immediate climb of this wallet to the top spot for SHIB inflows within the last 24 hours further fueled speculation and interest. While some view such large withdrawals as accumulation by big players, others consider them routine exchange operations. However, the market reacted positively, with SHIB’s price rising, although not directly attributable to this single event, it’s currently trading at $0.00001676, up by 10% over the last week. Shiba Inu burn rate skyrockets by 2000% Adding to the optimistic outlook, the Shiba Inu burn rate has seen a dramatic increase of 2000% on February 14, with 410,744,432,366,375 tokens removed from circulation since the token burn started, according to data from Shibburn . This surge isn’t just a one-off; over the past week, 58.28 million tokens have been burned, and this month alone, the figure stands at 98.85 million. Such aggressive burning reduces the supply, which, under the basic economic principle of supply and demand, can elevate the price if demand stays constant or grows. The community’s active participation in burning tokens is a testament to the strong engagement and dedication towards enhancing the token’s value, bringing the total supply down to 589.25 trillion tokens, with a staggering 410.7 trillion tokens permanently removed. Shiba Inu (SHIB) technical analysis From a technical standpoint, SHIB has broken out of a descending trend line, suggesting that buyers are stepping in at crucial support levels. SHIB’s price has already crossed above the 9-day Moving Average (MA), demonstrating short-term bullish momentum. It is now testing the 21-day MA, a critical threshold. If SHIB manages to close above the 21-day MA, we could be in for a major bullish trend, signaling a stronger conviction among investors and potentially attracting more capital into the token. Shiba Inu price chart by TradingView Furthermore, the upcoming intersection of the 50-day and 200-day Exponential Moving Averages (EMAs) might validate an upward trend, directing prices toward essential resistance levels. With the MACD showing a bullish crossover, indicating weaker bearish momentum, the technical indicators collectively suggest that Shiba Inu is demonstrating potential signs of recovery. The Relative Strength Index (RSI) has also moved into bullish territory, currently sitting slightly above 44 after recovering from an oversold region. This shift in RSI indicates that the selling pressure has eased, and buying interest is rising. Shiba Inu team working to enhance its utility During these developments, Shiba Inu’s leadership has proactively steering the project towards long-term sustainability. Shytoshi Kusama, the lead developer, recently teased significant updates for the SHIB Metaverse during a discussion at “Bill It Up” with Cypher Capital co-founder Bill Qian. Kusama highlighted that Shiba Inu is not merely riding the wave of meme coin trends but is instead building a robust ecosystem with tangible applications. Among the notable developments for the ecosystem include the introduction of the TREAT token and further SHIB Metaverse developments aimed at providing real utility, moving beyond the speculative nature of meme coins. The confluence of large whale withdrawals, a skyrocketing burn rate, positive technical indicators, and strategic community and developer efforts paints a promising picture for Shiba Inu. While the crypto market is inherently volatile, these factors combined suggest that SHIB might be on the cusp of a significant price movement. The post Shiba Inu bottoms as whales withdraw billions and burn rate skyrockets appeared first on Invezz
