Shiba Inu Burns 28 Million Tokens, Rises 2%: What Is Going On?
Posted On January 10, 2025
Shiba Inu (CRYPTO: SHIB) is trading higher amid a sharp increase in its token burn rate and anticipation surrounding the launch of the TREAT token on Jan. 14.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00002165 | $12.8 billion | +2.6% | -7% |
| Dogecoin (CRYPTO: DOGE) | $0.3337 | $49.3 billion | +1.5% | -4.3% |
| Pepe (CRYPTO: PEPE) | $0.00001772 | $7.5 billion | +1.5% | -14% |
Trader Notes: Crypto trader Javon Marks observed that Shiba Inu is maintaining its post-breakout momentum, signaling the potential for further gains.
He stated that the slower pace of the current rally might actually support its longevity and scale.
“The sustained momentum suggests this run …
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