Shiba Inu Spikes 3%, Burn Rate Soars 828%: What Is Going On?
Posted On April 21, 2025
Shiba Inu (CRYPTO: SHIB) is flashing bullish signs, such as increasing burn rates and renewed whale interest.
With the meme coin nearing key technical levels, some traders believe we may be on the edge of a repeat of its legendary April 2021 run.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001260 | $7.4 billion | +3.4% | +2% |
| Dogecoin (CRYPTO: DOGE) | $0.1619 | $24.1 billion | +5.1% | -2.5% |
| Pepe (CRYPTO: PEPE) | $0.057908 | $3.3 billion | +7% | +4.3% |
Trader Notes: Crypto trader MrPatrickSchmitt drew parallels between the current market and April 2021, a period marked by sideways movement until Shiba Inu ignited a sudden rally.
While he isn’t certain which catalyst might trigger the next wave, he believes history has a way of rhyming.
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