Shiba Inu staking impact has actually reached some pretty critical levels right now, with $58.7 million worth of SHIB tokens being locked up in various contracts. This massive Shiba Inu staking impact is creating what we’re seeing as SHIB supply shock conditions that could really drive significant Shiba Inu scarcity and boost prices for Shiba token holders.
Shiba Inu Staking Impact May Trigger SHIB Supply Shock and Price Rally
Massive Token Lockup Reduces Circulation
The Shiba Inu staking impact has actually intensified quite dramatically, with investors now staking around 4,646,357,726,944 SHIB tokens according to current data. This represents a substantial portion that stakers are removing from active trading, creating these artificial SHIB supply shock conditions.
With about 584,601,573,064,052 SHIB tokens remaining in circulation at the time of writing, the staking mechanism actually serves as an alternative deflationary system. This reduction directly contributes to Shiba Inu scarcity and is potentially triggering some upward price pressure.
Also Read: Shiba Inu Buying Activity Increases by 14%
Crypto analyst Javon Marks stated:
“$SHIB (Shiba Inu)’s breakout TARGET AT $0.000081 is being MAINTAINED. We project a more than 500% upside to reach it in response to the pictured resisting trend break!”
Price Action Despite Market Volatility
Even though we’re seeing recent trading around $0.00001263 with a 9.07% weekly decline, the underlying Shiba Inu staking impact suggests some different market dynamics are happening. This SHIB supply shock from staking activities, along with regular burns, has been effectively reducing sell pressure.
The combination creates compounding effects on Shiba Inu scarcity over time, and it’s something market observers are watching closely.
Javon Marks also had this to say:
“[The] $SHIB (Shiba Inu)’s breakout target at the $0.000081 level goes UNCHANGED! As prices continue to hold broken out, and up since showing responsiveness to this breakout, another nearly +500% upside to reach this target could still be well in the works…”
As more and more Shiba token holders participate in staking right now, the resulting deflationary pressure could actually accelerate price appreciation if demand stays consistent.
Also Read: SHIB Whale Activity Rockets 8,866% as Token Risks Adding Another Zero