Dogecoin, Shiba Inu Crash 5% — Why Burns And Inflows Can’t Save Them

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) both dropped roughly 5%, as DOGE’s record $18.77 million outflow shows institutions selling, while SHIB’s 72% burn rate spike proves supply reduction alone won’t save price.

DOGE Sees Largest Outflow In Months During Price Spike

Dogecoin saw $18.77 million flow out of exchanges yesterday—the biggest single-day withdrawal in months—but it happened while the price was trying to go up.

That’s a red flag. When price rises but money leaves, it means larger players are selling their positions to smaller buyers …

Full story available on Benzinga.com