Shiba Inu just posted one of its strongest weekly rallies in months, and the math behind it is straightforward. Token burns pulled nearly 3 billion SHIB out of circulation over seven days, the biggest weekly reduction in about a year. The price jumped 17% during that window, hitting 0.0000058 before profit-taking sent it back toward 0.0000047.
The burn pace is what caught traders' attention. Nearly 2.98 billion tokens left circulation permanently, a weekly total that hasn't shown up since well before the current market cycle kicked off. Fewer tokens floating around generally supports firmer pricing when buyers stay interested, and that's exactly what happened. The 0.0000050 zone turned into a key battleground as buyers dug in to hold their gains.
Trend Strength Holding
Technical signals are backing the move. The Average Directional Index climbed to 31.03, and SHIB stayed above Supertrend support near 0.00000444, both signs the uptrend has real momentum behind it. The next targets sit near the 200-day exponential moving average around 0.0000060, with resistance overhead close to 0.0000070.
Whether the burn activity reflects coordinated token destruction or a genuine spike in transaction volume feeding the mechanism is still unclear. Either way, traders aren't ignoring it. Pulling 3 billion tokens from a massive supply doesn't sound like much until you consider the psychological shift it creates. Tighter supply meets steady or rising demand, and prices tend to follow.
This article is for informational purposes and should not be considered financial advice. Always conduct your own research before making investment decisions.
