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 …
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