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Shiba Inu Burn Rate Surges 1,973% In A Day: Why Is SHIB Not Going Up?

Posted On April 4, 2025

Despite strong token burns, Shiba Inu (CRYPTO: SHIB) is down 10% over past seven days.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB)  $0.00001222   $7.2 billion +0.8%  -8.1% 
Dogecoin (CRYPTO: DOGE)  $0.1672 $24.9 billion +6.2%  -6.7% 
Pepe (CRYPTO: PEPE)  $0.057041 $2.96 billion +7.7%  -8.5% 

Trader Notes: Crypto trader Bicoinmoney highlighted in an analysis on TradingView that SHIB is trading inside a descending channel, capped by a major downward trendline.

The token is nearing a …

Full story available on Benzinga.com

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