Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?
Posted On April 30, 2025
Shiba Inu (CRYPTO: SHIB) has seen a massive spike in burn activity and on-chain growth, fueling speculation of a macro trend reversal.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001317 | $7.8 billion | -3.3% | -3% |
| Dogecoin (CRYPTO: DOGE) | $0.1703 | $25.4 billion | -4.5% | -4.9% |
| Pepe (CRYPTO: PEPE) | $0.058756 | $3.7 billion | -3% | -1.8% |
Trader Notes: TradingView analyst Wavervanir International highlighted a potential macro bullish reversal forming at the $0.00001114 support zone.
The recent bounce follows an extended drawdown, suggesting buyers are stepping in at structurally important levels.
Key resistance targets are outlined at $0.00002393, $0.00003209 …
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