{"id":38811,"date":"2025-05-16T13:00:37","date_gmt":"2025-05-16T13:00:37","guid":{"rendered":"https:\/\/coincentral.com\/?p=38811"},"modified":"2025-05-16T10:10:07","modified_gmt":"2025-05-16T10:10:07","slug":"shiba-inu-price-soars-but-is-it-just-a-relief-rally-can-it-sustain-the-upward-move-like-rtx","status":"publish","type":"post","link":"https:\/\/coincentral.com\/shiba-inu-price-soars-but-is-it-just-a-relief-rally-can-it-sustain-the-upward-move-like-rtx\/","title":{"rendered":"Shiba Inu Price Soars But Is It Just A Relief Rally – Can It Sustain The Upward Move Like RTX?"},"content":{"rendered":"

Shiba Inu followed the meme coin crowd with a strong rally, jumping about 25% in the last 30 days. But this surge feels more like a relief rally, as momentum appears to be slowing down.<\/p>\n

Meanwhile, Remittix (RTX)<\/a> is killing it in the presale, boasting a massive 400%<\/strong> price increase and nearly $15 million raised so far. Unlike meme coins chasing hype, Remittix\u2019s real-world utility and solid growth are making it the altcoin to watch right now.<\/p>\n

Shiba Inu Price Surge: Relief Rally or Start of Something Bigger?<\/h2>\n

Shiba Inu (SHIB) is up 24% in the last 30 days, currently trading around $0.00001487 with a market cap close to $9 billion. While these gains look solid, the 7-day ratio tells a different story – it\u2019s only up 12%, showing momentum is slowly fading.<\/p>\n

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Source: <\/a>Coinmarketcap<\/p>\n

 <\/p>\n

This rebound is backed by a massive 2,952% surge in whale inflows in May<\/a>, signaling a big shift in market sentiment. On-chain data reveals a 6,050% increase in larger holder netflow, pointing to major repositioning by SHIB whales.<\/p>\n

This heightened demand helped Shiba Inu price break out of a falling wedge pattern, pushing its price to about $0.00001551.<\/p>\n

Why Shiba Inu\u2019s Momentum Is Losing Steam Despite the Rally<\/h2>\n

Shiba Inu\u2019s price looks coiled for a big comeback this year. Behind the scenes, SHIB, the meme coin just behind Dogecoin, has built serious infrastructure: a collection of ecosystem tokens, a decentralized exchange, and its growing layer-2 solution, Shibarium.<\/p>\n

Regular token burns have also played a key role, gradually cutting supply and nudging the price up. So far, nearly half of all SHIB tokens have been burnt, that\u2019s 410 trillion out of the original 999 trillion<\/a> removed from circulation.<\/p>\n

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\ud83d\udd25 Shiba Inu burns over 58 million tokens as price increases \ud83d\udd25<\/p>\n

The Shiba Inu community has successfully burned 58.3 million SHIB tokens in the past week! While the burn rate decreased by 20.77% compared to last week, the coin saw a 6% increase in price overall. \ud83d\ude80<\/p>\n

On Friday\u2026 pic.twitter.com\/JX3qWLcjZu<\/a><\/p>\n

— Benzinga (@Benzinga) February 17, 2025<\/a><\/p><\/blockquote>\n