In a significant development within the cryptocurrency market, Shiba Inu (SHIB) has witnessed an extraordinary spike in its token burn rate, fueling speculation about a potential resurgence of its bull run. This remarkable increase in burning activity, coupled with notable on-chain metrics, points towards a growing momentum for the digital asset.
Shiba Inu's Astonishing Token Burn Ignites Market Hopes
On November 10, 2025, the Shiba Inu ecosystem experienced an unprecedented surge in its token burn rate, with an astounding 67,557.5% increase within a mere 24-hour period. This monumental event was primarily driven by a single, substantial transaction that effectively removed 621.6 million SHIB tokens from active circulation. This aggressive reduction in supply has captured the attention of investors and analysts alike, who are now closely monitoring SHIB's market performance.
Renowned crypto analyst Javon Marks has highlighted that Shiba Inu appears to have successfully exited its prolonged accumulation phase. Marks' observations of earlier bullish divergences suggest a potential price rally of approximately 200%, with targets set around the $0.000032 resistance level. Adding to this positive sentiment, Shib Knight, another respected voice in the crypto community, lauded SHIB's consistent accumulation patterns, noting the formation of a robust bullish structure. He anticipates a significant upward price movement once the token breaks free from its current consolidated trading range.
Further reinforcing the bullish outlook are the latest network statistics from Shibariumscan, which reveal a sharp increase in transaction activity. The daily network transactions jumped from 1,660 to 2,970 in just one day, indicating heightened engagement within the Shiba Inu ecosystem. Moreover, on-chain metrics show that a staggering 2.7 trillion SHIB tokens were transacted within the same 24-hour window. This substantial trading volume, coupled with a more than 63% rise in accumulation and exchange outflows, suggests that major holders are strategically repositioning their assets in anticipation of a significant market rebound.
This impressive surge in token burning and the positive market indicators provide a compelling narrative for Shiba Inu's future trajectory. The deliberate reduction in supply, combined with increased network activity and strategic accumulation by large investors, paints a promising picture for a renewed upward trend in the coming period. Market participants will be keenly watching to see if these developments indeed usher in the highly anticipated bull run for SHIB.