Shiba Inu Burn Rate Plummets 98%, SHIB Price Loses 20-Day Support!

Updated

August 21, 2025

Gambar Shiba Inu Burn Rate Plummets 98%, SHIB Price Loses 20-Day Support!

Jakarta, Pintu News – On August 19, 2025, Shiba Inu experienced a 4% price drop, extending its two-day decline to 6% and hitting a 13-day low of $0.000012.

This drop came amidst broader weakness in the Ethereum ecosystem, which also affected SHIB’s performance as the largest Ethereum-based meme coin.

SHIB Combustion Rate Down 98.89%

According to CoinSpeaker (19/8), SHIB’s 6% price drop came on the heels of a $255 million ETH ETF sell-off, which affected liquidity and weakened sentiment in the Ethereum ecosystem as a whole.

Adding pressure to this bearish trend, Shiba Inu’s on-chain activity also plummeted sharply on Tuesday. Official data from analytics tool Shibburn showed the burn rate dropped by 98.89%, with only 223,914 SHIBs successfully removed from circulation.

Unscheduled token burns usually arise from on-chain transactions and serve to reduce supply over time. Additionally, burn rates are also seen as an indicator that reflects the level of economic activity within a blockchain network.

Shiba Inu’s burn rate drop to 98% signaled weak market participation, indicating traders preferred to wait amid uncertain conditions.

With fewer tokens being destroyed, there is less deflationary pressure on SHIB, making the asset more vulnerable to further declines.

On Tuesday, this lack of activity seemed to further emphasize selling pressure, contributing to intraday losses.

SHIB spot trading volume also fell to $206 million on August 19, a 50% drop from last week’s peak of $418 million recorded on August 14, according to CoinMarketCap data.

Shiba Inu Price Prediction: Technical Risk Increases Below 20-Day Average

Shiba Inu started Tuesday’s trading session (19/8) with quite strong bearish pressure. Trading at $0.00001224, SHIB has now dropped through its 20-day moving average, which is considered an important support level for short-term traders.

From the chart, it can be seen that the momentum indicator is leaning bearish, with the MACD line sliding below the signal line and the dominance of red candlesticks in the last few sessions.

This technical formation increases the potential for forced liquidation if the selling pressure grows. For the short-term price projection, the bearish camp is likely eyeing the nearest support level at $0.00001164, which is aligned with the lower Bollinger Band.

If this level is broken, SHIB risks a deeper drop towards the local low of $0.00001100, which was last reached in late July.

On the contrary, for the bullish camp, the price needs to break the 20-day average at $0.000013 again to restore market sentiment.

If the move holds above that level, the opportunity opens up to test $0.000015, the point where the upper Bollinger Band previously capped last week’s gains.

Until then, the dominant sentiment is still bearish, in line with the negative pressure in the Ethereum ecosystem and the decrease in SHIB burn activity.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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