Tag: Cryptocurrency

Shiba Inu Burn Rate Surges 320%, Could SHIB See a Supply-Shock Rally?

Shiba Inu Burn Rate Surges 320%, Could SHIB See a Supply-Shock Rally?

Shiba Inu (SHIB) bulls finally have a statistic to cheer: the daily burn rate has vaulted 320 % in the past 24 hours, according to the Shibburn tracker, yanking more than 60 million coins out of circulation. While that is microscopic relative to the 589 trillion total supply, the jump comes just as price action carves out a double-bottom near $0.00001030. This is a confluence some traders say could ignite a supply-shock rally toward $0.00001765. Even Remittix, the rising PayFi token that converts crypto to bank cash in minutes, is flashing on the same whale dashboards, underscoring how fast capital rotates when narratives flip.