Shiba Inu (CRYPTO: SHIB) has dramatically accelerated the symbolic burn, fueling hopes of a restart of the bull run.
| Cryptocurrency | Ticker | Price | Market capitalization | 7-day trend |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001006 | $5.9 billion | +4.3% |
| Dogecoin | (CRYPTO: DOGE) | $0.1821 | $27.6 billion | +4.3% |
| Pepe | (CRYPTO: PEPE) | $0.056168 | $2.59 billion | +0.7% |
Trader notes: Javon Marks noted that Shiba Inu appears to have broken out of the accumulation phase, with previous bullish divergences indicating a potential ~200% rally towards resistance around $0.000032.
Shib Knight too praised SHIB’s steady accumulation, noting that it forms a bullish structure. He says that once the price breaks out of this tight range, a strong upward move could follow.
Statistics: Shibburn data shows that the burn rate increased by 67,557.5% in the last 24 hours, due to a single massive transaction that removed 621.6 million SHIBs from circulation.
Shibarium scan data shows that network transactions increased from 1,660 to 2,970 in just one day.
On-chain statistics further show that 2.7 trillion SHIB transactions were executed in 24 hours, suggesting that large holders may be repositioning ahead of a possible rebound, with currency accumulation and outflows rising by more than 63%.
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