Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?

  • 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.