Shiba Inu (SHIB) Price: ETF Potential and Burn Rate Surge Stabilize Trading

TLDR

• Marketing lead Lucie suggests Shiba Inu is well-positioned for an ETF due to its presence on 110+ exchanges with 212 trading pairs
• SHIB burn rate surged dramatically (8,454% to 62,000% in recent reports), removing over 1 billion tokens from circulation
• Whale activity has increased, with dormant investors acquiring billions of SHIB tokens
• Current price hovers around $0.00001292-$0.00001303, up from a recent low of $0.00001085
• Price predictions range from moderate growth to reaching $0.000081 (a 500% surge) depending on market conditions

Shiba Inu’s price has stabilized in recent days, trading at approximately $0.00001303 as of latest reports. This represents a modest recovery from its year-to-date low of $0.00001085 earlier this month.

The meme coin remains about 62% below its November peak. This decline reduced its market capitalization from $19 billion to around $7.5 billion.

Recent developments have sparked renewed interest in the dog-themed cryptocurrency. SHIB community executive and marketing lead Lucie highlighted factors that could make Shiba Inu a candidate for an Exchange-Traded Fund (ETF).

According to Lucie, SHIB is available on more than 110 exchanges with 212 trading pairs. This includes all major crypto trading platforms.

SHIB is listed on over 110 exchanges with 212 trading pairs—including all the major platforms.
It’s basically everywhere: easy to access, easy to trade.

Is SHIB good for an ETF?
YES.

Will boomers invest in a “doggy coin”?
Also yes.
Because SHIB isn’t just a meme—it’s…

— ????? (@LucieSHIB) March 23, 2025

“Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last,” Lucie stated in a recent post on X. This global accessibility makes it potentially suitable for an ETF product.

The ETF speculation comes amid broader market optimism around crypto-backed ETF filings. The US SEC recently acknowledged Grayscale’s filing for a Dogecoin ETF.

Canary Capital has filed an S-1 for SUI ETF approval. There are also rumors about a potential BlackRock Dogecoin ETF filing.

Adding to investor optimism is an extraordinary surge in SHIB’s burn rate. Reports indicate an increase between 8,454% and 62,000% in recent days.

Over 1 billion tokens were burned in a 24-hour period. A single wallet address (0x55b8979a8d79f2802c79ff5a5083a0d7fdc182e3) was responsible for burning 1 billion tokens.

The burn mechanism permanently reduces the circulating supply by sending tokens to a null address. After this massive burn event, the total circulating supply stands at approximately 584.35 trillion coins.

Market Analysis

Market interest in SHIB derivatives has also increased. Shiba Inu futures open interest rose by 3.5% to $121.69 million, with derivatives volume spiking 24% to $71.18 million.

Whale activity has been another point of interest. Large investors have reportedly increased their SHIB holdings, with a previously dormant Ethereum whale acquiring billions of tokens.

Shiba Inu Price on CoinGecko

The Mean Dollar Invested Age (MDIA) indicator has risen to 82, up from the year-to-date low of 39. This suggests longer-term holding patterns among investors.

Technical analysts point to several patterns suggesting potential upward movement. The coin has formed a falling wedge pattern, often considered a bullish sign.

The Percentage Price Oscillator and Relative Strength Index have tilted upwards. Some analysts have identified a quadruple bottom at $0.00001235, potentially indicating a price floor.

Price predictions for SHIB vary widely. Conservative estimates suggest it could reach $0.000013 by the end of 2025, indicating modest growth.

More optimistic forecasts project values between $0.0000167 and $0.0000741. Some analysts have even suggested a 500% surge to $0.000081, dependent on continued token burns and positive market sentiment.

One analyst has made a bold claim that SHIB could eventually reach $0.01, representing an 83,000% increase. This prediction cites SHIB’s deflationary nature compared to Bitcoin’s inflation, its utility through the Shibarium layer-2 network, and global partnerships.

However, challenges remain for SHIB’s price recovery. The cryptocurrency market remains highly volatile, and regulatory developments could impact investor sentiment.

Competition from other meme coins and alternative cryptocurrencies could divert investment away from SHIB. The Shibarium ecosystem, while promising, remains in early stages of development.

For now, many analysts believe SHIB’s price could potentially retest the resistance level at $0.00001855, representing a 45% increase from current levels. A drop below $0.00001085 would invalidate this bullish outlook.