Crypto Expert Predicts SHIB Could Rise 15%, On-Chain Data Shows Bullish Trend!

Jakarta, Pintu News – Despite ongoing market uncertainty, the Shiba Inu meme coin SHIB3.49%->Current SHIB PriceRp 0,214354813.49%Market CapRp 244,37 TriliunTrading VolumeRp 13,94 TriliunCirculating SupplyRp 589,25 Triliun is gaining attention in the crypto space with suspicious on-chain data. Amidst a shaky crypto market, the price of Shiba Inu has increased by 10.81% in the last seven days.

This article will examine SHIB’s on-chain sentiment and short-term price prediction to understand the price outlook of the second-largest meme coin by market capitalization!

SHIB Burn Rate Surges Over 8000% After Burning by Anonymous Wallet

The latest data from Shibburn, the Shiba Inu burn tracker, shows that the anonymous wallet “0x55B” transferred 1 billion SHIB tokens to the official burn address in a single transaction. At the time, the SHIB price was $0.00001305, with a value of $13,050.

In addition, based on Etherscan records, the same wallet has burned 1 billion SHIB on March 15, 2025, 1 billion SHIB on August 7, 2024, and 700 million SHIB on February 10, 2024. Although a total of 3.7 billion Shiba Inu tokens have been burned, the wallet still holds 1 billion SHIB coins.

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Shiba Inu Wallet Transfer Improvement

Based on the latest data from Arkham, Shiba Inu, the second largest meme coin by market capitalization, has experienced a large spike in trading volume over the past few hours. Many SHIB tokens have been transferred from Upbit to its hot wallet through medium-sized transactions.

As a result, Shiba Inu became one of the top 20 cryptos on Upbit based on 24-hour trading volume. Upbit remains one of the largest holders of the SHIB meme coin, with wallet “0x02E” holding approximately 47.11 trillion SHIB tokens worth approximately $625.7 million. This represents 4.71% of the total Shiba Inu meme coin supply.

Also read: Trump Media and Crypto.com Collaboration Launches Crypto ETF, Here Are the Details!

SHIB Price Action Shows Stability

According to Crypto Times, despite the crypto community speculating this could be a massive selling situation, the price of the SHIB meme coin has shown steady price action over the past day. The meme coin is currently trading at $0.00001368, up 1.32% from the previous day with a trading volume of $195.47 million.

Furthermore, this meme coin is trading at a discount of 84.49% from its all-time high ATH2.84%->Current ATH PriceRp 527,52.84%Market Cap-Trading Volume-Circulating Supply- price of $0.00008845 recorded on October 28, 2021. Given the current market statistics, if SHIB price manages to retest $0.00001370, it could maintain its bullish presence and head towards the upper price range of $0.00001400.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. SHIB Price Eyes 15% Rally, On-Chain Data Hints Bullish Rise. Accessed on March 26, 2025
• Featured Image: Generated by AI