WikiBit 2025-11-16 09:53Shiba Inu price reversal?Shiba Inu eyeing never-before-seen setupShiba Inu has seen 812,840,391 SHIB tokens removed from its circulating supply in days,
Shiba Inu has seen 812,840,391 SHIB tokens removed from its circulating supply in days, with the burn rate soaring 2,405% as a result.
According to Shibburn, in the last seven days, 812,840,391 SHIB tokens were burned, resulting in a 2,405.09% rise in weekly burn rate. In the last 24 hours, 4,251,221 SHIB tokens were burned, contributing to a 327.98% increase in burn rate.
HOURLY SHIB UPDATE$SHIB Price: $0.00000919 (1hr -0.44% ▼ | 24hr -0.45% ▼ )
Market Cap: $5,415,572,545 (-0.57% ▼)
Total Supply: 589,246,372,127,297
TOKENS BURNT
Past hour: 108 (1 transaction)
Past 24Hrs: 4,251,221 (327.98% ▲)
Past 7 Days: 812,840,391 (2405.09% ▲)
— Shibburn (@shibburn) November 15, 2025
With the recent burns, Shiba Inus total supply now stands at 589,246,372,127,297 SHIB, with over 410 trillion tokens removed through burn processes.
Shiba Inu price reversal?
Shiba Inu capped four days of losses following a larger sell-off in the crypto market on Friday, attributed to the information vacuum and lessening expectations of a Fed rate cut.
According to analysts, the market downturn was largely driven by a lack of clarity on key U.S. economic conditions and the subsequent monetary policy direction. That data blackout was due to the longest U.S. government shutdown that lasted from Oct. 1 until Thursday, which suspended government inflation and jobs data releases.
Shiba Inu saw no bounce on Saturday, down 1.23% in the last 24 hours to $0.000009114, but slightly higher than yesterdays low of $0.00000885.
Shiba Inu eyeing never-before-seen setup
Shiba Inu is eyeing a never-before-seen setup on its weekly chart as the weekly moving averages (MA) 50 and 200 draw closer.
An imminent convergence of both moving averages might highlight a potential death cross or, on the contrary, a golden cross. This would be the first time on record such a technical pattern would appear on Shiba Inus weekly chart.
A potential death cross makes for a cautious view of the short-term outlook.
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