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Lunam Points
The Shiba Inu community (SHIB) has experienced a spectacular increase in the token burning rate in the past 24 hours, Shibburn data indicating an impressive increase of 825%.
A substantial of 26,481,246 shib tokens has been removed from traffic, which has an impact on the dynamics of the food of the cryptocurrency. Since its creation, the same corner team has burned 410.7 billions of tokens.
This significant burning event coincides with a crucial warning issued by the developer of Shiba Inu, Kaal Dhairyya, concerning the treat.
There is no treat on Solana or the base of the account @Treatsforshib seem to have been hacked, be careful
– Kaal (@kaaldhairya) April 20, 2025
Dhairya said that even if Treat was launched on the Ethereum network in January 2025, it was deployed or on the Solana or Base blockchains.
His declaration deals directly with the disinformation from an X -compromised account, “Shiba Inu Treaty”, which would have been exploited by malicious actors.
The developer underlined that all treats of treats or shib brand assets found on Solana or base are not authorized and illegitimate.
Adding to the choir of prudence, Lucie, member of the basic team of Shiba Inu, recently presented himself to X to solve the growing problem of crooks and imitators by taking advantage of the Shib brand.
In a direct message to the community, Lucie stressed the importance of remaining informed and stressed that even if she did not have the power to close these bad actors, her priority is to ensure that the Shib community remains vigilant.
I do not have the power to close the bad players using the name of Shib –
But I want my Shib community to be as informed as possible and continue to pass the right word on Shib – the one and only, Shiba Inu, born in Ethereum.
No authorized false sombingShib is nobody – it’s the people … pic.twitter.com/lyvu4cgi3p
– 𝐋𝐔𝐂𝐈𝐄 (@Luieshib) April 20, 2025
Meanwhile, the market seems to be positively reacting to Burn news, with the current price of SHIB trading at $ 0.00001255, marking an increase of 2.6% compared to the last day, according to CoinmarketCap data.
This price action has also seen SHIB recover the exponential 20 -day mobile average (EMA) at $ 0.00001220 while analyst Ali Martinez, sequential TD, flashing a purchase signal on the weekly graph for Shiba Inu, suggesting an additional price increase.
#Shibainu $ Shib Perhaps preparing for a major rebound, with the sequential TD flashing a purchase signal on the weekly graphic! pic.twitter.com/GHQRRM0FQ
– Ali (@ali_charts) April 21, 2025
Shib recently crossed the 20 -day EMA, which often acts as a dynamic level of support. The RSI is currently 52.85, indicating the increase in the purchase momentum but not yet in an exaggerated territory.
Shib’s price Tomm. Source: tradingView.com
The prize is currently negotiated near the Bollinger band intermediary. If the positive momentum continues and Shib can maintain trade above the 20-day EMA, the upper band of Bollinger bands could act as an initial target.
Currently, the upper strip is about $ 0.00001298. A break above this level, supported by a strong volume and an increase in RSI (go downwards, but stay below 70), could suggest more increase towards previous levels of resistance not visible on this specific graph.
However, if the recent gains are short -lived and the sale of pressure yields, the 20 -day EMA (0.00001220) would serve as a significant first support.
A rupture below this level could see Shib testing the intermediary band of Bollinger bands (currently nearly 0.00001198) and potentially the lower band (approximately 0.00001107 $).
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
