Shiba Inu (SHIB) has recorded an astronomical surge in its token burn rate, with metrics showing increases of 1,680% and 341,896.27% according to different reports from September 8, 2025. Despite these dramatic percentage increases, the actual number of tokens burned remains relatively small in economic terms. On Monday, 1.24 million SHIB tokens were burned (worth approximately $15 million), while another report indicated 1,313,162 SHIB destroyed in 24 hours.
The burn activity has reduced SHIB's circulating supply to 584.6 trillion tokens, with over 410 trillion SHIB permanently removed from circulation. While the burn mechanism is theoretically deflationary, the current burned amounts represent a tiny fraction of SHIB's $7.2 billion market capitalization.
Concurrently, SHIB price has shown positive momentum, rising nearly 10% from its monthly low and 30% above its year-to-date low of $0.000010. The token reached $0.00001283, its highest level since August 25, and was trading at $0.00001270 at press time after testing resistance at $0.00001274.
Technical analysis reveals several bullish indicators: SHIB has moved above the 50-day exponential moving average, broken out of a symmetrical triangle pattern, and formed a double-bottom pattern at $0.00001020. The Relative Strength Index has jumped above the neutral point at 50, and the MACD has formed a bullish crossover with both lines pointing upward.
Smart money accumulation provides additional support for price appreciation. Large investors now hold 9.89 billion tokens, representing a 62% increase in holdings over the past 30 days. Exchange reserves have simultaneously declined to 278 trillion SHIB, the lowest level since June, indicating reduced selling pressure as investors move tokens off exchanges.
Analysts suggest these factors could drive SHIB toward the key resistance level at $0.00001585, which would represent a 23% increase from current levels.