Shiba Inu Surges 6%, Burn Rate Explodes 731%: What’s Going On?
Posted On April 23, 2025
Shiba Inu (CRYPTO: SHIB) is up 6%, with its soaring burn rate fueling speculation of a bullish trend ahead.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001371 | $8.08 billion | +6.4% | +17.8% |
| Dogecoin (CRYPTO: DOGE) | $0.1844 | $27.5 billion | +11.5% | +20.9% |
| Pepe (CRYPTO: PEPE) | $0.059231 | $3.88 billion | +11.8% | +29.7% |
Trader Notes: Crypto trader AllInCrypto identified a falling wedge pattern on SHIB’s chart, a formation often signalling an upcoming reversal. He believes the recent dip may soon flip bullish.
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