Shiba Inu Burns 600 Million SHIB In Single Day: What Is Going On?
Posted On July 28, 2025
Shiba Inu (CRYPTO: SHIB) is seeing a new spike in its burn rate after its expansion to the Base blockchain, renewing hopes for a fresh uptrend.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001353 | $7.97 billion | -13.1% |
| Dogecoin | (CRYPTO: DOGE) | $0.2308 | $34.7 billion | -17.7% |
| Pepe | (CRYPTO: PEPE) | $0.00001218 | $5.1 billion | -12.7% |
Trader Notes: According to TradingView’s July 26 analysis, SHIB was consolidating just below key resistance at $0.00001402 on the 2-hour chart.
The setup suggests a bearish …
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