The burning of 389 million SHIB tokens brings Shiba Inu cryptocurrency within reach of a major price surge. SHIB has the potential to attract additional investors because an ETF launch may result in substantial price appreciation.

Shiba Inu Price Rises Amid Market Recovery

General market recovery patterns caused the Shiba Inu price to rise by 6% on Saturday. The market valuation rate of SHIB traded at $0.00001393 with a peak value of $0.00001412 during the time of assessment. The market has become optimistic while SHIB token burn activities led to the price rise.

According to Shibburn statistics, 389.18 million SHIB tokens became permanently unavailable from circulation during February. Dead tokens create supply shortages that drive demand up and create price growth. Attention from investors focuses on the supply reduction of SHIB tokens because it will affect long-term market behavior.

389M SHIB Burn Strengthens Tokenomics

Shibburn reports that 410.72 trillion SHIB tokens underwent destruction from the beginning of the project. Linear static analysis demonstrates the permanent removal of tokens from the system which advances Shiba Inu’s deflationary characteristics. The community showed its ongoing dedication to asset value through the 389 million SHIB tokens burned during February’s activities.

History shows that over 14 million SHIB tokens underwent destruction in 24 hours. The ongoing burn activity could result in a supply-side shock that would boost prices according to expert predictions as long as market demand stays stable. Market experts predict long-term valuation enhancement for Shiba Inu through regular token-burning procedures to reduce its total circulating supply to 584.32 trillion tokens.

SHIB ETF Speculations Gain Traction

Shiba Inu leader Lucie expressed a hint toward developing a SHIB exchange-traded fund (ETF). The question “When is SHIB ETF?” An X post from Lucie generated widespread speculation about a potential listing. The surge of interest to launch ETFs based on meme coins began after Grayscale and CoinShares applied to list their Dogecoin ETFs.

The U.S. Securities and Exchange Commission (SEC) officially received an application for the Dogecoin ETF from Grayscale which boosted anticipation about Shiba Inu-related ETF products. An ETF approval for SHIB would bring institutional investors to the market which would subsequently enhance its market demand.

Market Analysts Predict SHIB Price Breakout

The analysis of cryptocurrency experts predicts positive price developments for Shiba Inu. Analyst Rose Premium Signals established $0.00001461 as a fundamental support threshold for SHIB that might lead to potential price movement towards two resistance stops at $0.00002941 and $0.00003738.

A peak price of $0.00004401 was identified by the analyst to occur only if the price maintains bullish momentum. The interest in Shiba Inu futures trading rose as shown by Coinglass data indicating that open interest grew by 4% to reach $143.50 million during the day. Traders indicate recovering faith in the market after the market crash of February.

What’s Next for Shiba Inu?

Marketers along with investors will track SHIB price movement together with its burn rate and ETF progress developments. Shiba Inu stands to experience substantial price upward movement when token burning continues with increasing institutional interest during the next weeks. The crypto landscape involves paying close attention to SHIB as market recovery proceeds.