SHIB burn rate soars by 249%, analysts are optimistic about breaking the wedge pattern and pushing towards 0.00001200

PriceOracleFairy · 2026-01-14T12:20:10+00:00

Recently, SHIB's burn rate surged by 249.37%, with 432,211 tokens burned, reflecting market enthusiasm. Executive price forecasts and technical analysts' optimistic attitudes have driven this wave of burns. The current price is $0.00000871, with room for further increase. Whether it can break through the target depends on subsequent market performance.

PriceOracleFairy

2026-01-14 12:20:10

Abstract generation in progress

【Crypto World】Recently, SHIB’s token burn actions have attracted a lot of attention. In the past 24 hours, the burn rate surged by 249.37%, with 432,211 tokens burned in one go—this figure reflects the market’s ongoing enthusiasm for this project.

What triggered this wave of burns? A recent price prediction by senior team executives became the catalyst, directly igniting market sentiment. Following that was technical resonance—analyst “SHIB KNIGHT” pointed out that after SHIB broke out of a descending wedge pattern, it is expected to target the $0.00001200 level. The project’s marketing director Lucie also publicly expressed a similarly optimistic outlook.

Currently, SHIB is priced at $0.00000871, leaving room for further growth toward the predicted target. This rapid increase in the burn rate may reflect the market’s certain expectations for the subsequent trend. Whether it can break through as predicted depends on future market performance.

SHIB0.71%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
7
Repost
Share

Comment

0/400

ChasingTheWind

· 4h ago

a drop in the bucket

View OriginalReply0

PretendingSerious

· 4h ago

The surge in the burn rate... sounds like someone is putting on a final show before dumping the market Wait, SHIB KNIGHT is calling for a trade again? How does this guy always get it so right 0.00001200? I'll trust you this once, let's see what happens

View OriginalReply0

gaslight_gasfeez

· 5h ago

The destruction rate is skyrocketing to such an outrageous level? Let's see if someone is hyping the concept again... 0.00001200 sounds like another "coming soon" story, right?

View OriginalReply0

OfflineValidator

· 5h ago

Burned 249%? How is this number calculated? Feels like another hype to me. Wait, are we really going to hit 0.00001200? Why do I feel like I've been cut again? Can SHIB just stop acting up? Just tell us what you guys want to do. Executives calling for buy-ins, analysts calling for buy-ins, marketing also calling for buy-ins—I've seen this combo before. The offline banknote verification machine tells you, every time everyone works so in sync, the little investors should be cautious. Destroying 4.32 million tokens sounds like a lot, but for SHIB's scale, it's really nothing. Another wedge breakout, another target level—I'm starting to get ear calluses from hearing this over and over. 0.00001200 is so far from the current price; how many people need to buy in to reach it? A surge in burn rate does not equal a surge in coin price—does this logic make sense? Anyway, I don't believe this prediction. Last time, I followed the analyst's advice, and my wallet was directly drained.

View OriginalReply0

GraphGuru

· 5h ago

The destruction rate is skyrocketing, really... Feels like the usual money-grabbing tactic again. Wait, can we trust this data? I have a feeling someone is just hyping it up. 0.00001200? Alright, I'll keep an eye on it, but this price isn't anything new. SHIB is just surviving on hype; destruction ≠ price. It depends on actual use cases. Another analyst and executive, working in perfect harmony... Then I'll just wait to be proven wrong. Anyway, I'm experienced enough, haha.

View OriginalReply0

SchroedingerGas

· 5h ago

Is the skyrocketing burn rate just to cut leek? I don't think so... Waiting for the wedge to break, 0.00001200 feels a bit risky SHIB's recent marketing is indeed clever, everyone got excited as soon as the burn data was released The predicted target is so high, better be cautious and not be fooled by executive rhetoric If this breakout fails, the burn rate data will be awkward It feels suspicious that analysts and the official are singing the same tune 0.00000871 to 0.00001200... need to nearly triple? That's wishful thinking It's good to be optimistic, but where is the moat really the key? High burn enthusiasm doesn't necessarily mean the project has a real future Wait for technical analysis to verify, don't sell so quickly

View OriginalReply0

FlatlineTrader

· 5h ago

Burning rate tripled? Fine, I'll see if this is a real breakthrough or just another prelude to cutting the leeks. --- Wait, 0.00001200? Forget it, I'll reduce my position to protect my capital first. History tends to repeat itself. --- SHIB again with this routine? Every time they say they want to surge, but what’s the result... I choose to stay on the sidelines. --- Destroying 4.32 million tokens sounds impressive, but compared to the total supply, it’s just a drop in the bucket. --- I'm tired of hearing about wedge breakouts; technical analysis isn’t some kind of divine prophecy. --- Lucie says she’s optimistic? How can we trust what this marketing head says? She’s eager to report good news every day. --- Anyway, at least burning is a real action, better than projects that just talk but don’t act. --- I just want to know, if this time it breaks 0.00001200, what will the next target be? --- The wave of destruction + executives bullish—I've seen this script countless times on Dogecoin... --- If you’re entering now to chase the high, just wait to get trapped. I’m not touching it anymore.

View OriginalReply0

Trending Topics
View More
#
GateTradFiIsLive
9.03K Popularity
#
ChineseMemecoinBoom
29.69K Popularity
#
GateLaunchpadIMU
4.2K Popularity
#
SOLPriceAnalysis
20.9K Popularity
#
GateSquareCreatorNewYearIncentives
118.71K Popularity

Hot Gate Fun
View More

1
AYX
AYX
MC:$0.1Holders:1
0.00%
2
淄博烧烤
淄博烧烤
MC:$4.13KHolders:3
2.31%
3
马年纪念钞
马年纪念钞
MC:$21.26KHolders:203
52.75%
4
马上上市
马上上市
MC:$3.69KHolders:2
0.09%
5
凡人修仙
凡人修仙
MC:$3.63KHolders:1
0.00%

Sitemap

SHIB burn rate soars by 249%, analysts are optimistic about breaking the wedge pattern and pushing towards 0.00001200

Trending Topics

GateTradFiIsLive

ChineseMemecoinBoom

GateLaunchpadIMU

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

AYX

AYX

淄博烧烤

淄博烧烤

马年纪念钞

马年纪念钞

马上上市

马上上市

凡人修仙

凡人修仙

Pin

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!

SHIB burn rate soars by 249%, analysts are optimistic about breaking the wedge pattern and pushing towards 0.00001200

Trending Topics

GateTradFiIsLive

ChineseMemecoinBoom

GateLaunchpadIMU

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

AYX

AYX

淄博烧烤

淄博烧烤

马年纪念钞

马年纪念钞

马上上市

马上上市

凡人修仙

凡人修仙

Pin

Your First Words Matter! Share your first post on and split $10,000 in New Year rewards. Post with #My2026FirstPost to share your New Year wish 2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you! Ends on Jan 15, 2026, 16:00 UTC 2026 starts with this post!

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!