It’s time to talk about Shiba Inu (SHIB) again, because, well, it’s not like the internet is tired of memes yet 🤣. In the last 24 hours, SHIB’s burn rate has plummeted by a whopping 88%, but in a shocking turn of events, the coin’s price has decided to ignore the laws of physics and continue climbing upwards ⬆️. With a 6.6% gain and several bullish signals lining up like a game of cosmic pool, many believe SHIB could be gearing up for a much bigger move – or a spectacular crash, because, you know, crypto 🤪.
The Great SHIB Burn Rate Crash Drop 🚨
According to the Shibburn data, a measly 180,292 SHIB were destroyed in the past 24 hours – a massive drop from earlier burn activity. But don’t worry, the Shiba Inu community is still committed to setting their money on fire 🔥. Over the last week, they’ve removed more than 46 million tokens from circulation by sending them to “dead wallets” – because who needs actual money when you can have a virtual dog? 🐶
This slow reduction in supply could help support SHIB’s price in the long run, or it could just make the whole thing more confusing – we’re not really sure 🤔.
Exchange Reserves Hit One-Year Low 📉
Adding to the bullish setup, Shiba Inu’s exchange reserves have fallen to their lowest in a year. Only 83.8 trillion SHIB tokens (worth around $1.14 billion) are sitting on exchanges, just waiting to be bought, sold, or lost in a tragic boating accident 🛥️.
Lower exchange supply often means less selling pressure, which could help the price rise further if demand picks up – or it could just make the whole thing more volatile, because, you know, crypto 💥.
Shiba Inu Social Activity Jumped by 126% 📱
SHIB is also trending again on social platforms, because who doesn’t love a good meme? 🤣 In the last 24 hours, social activity around SHIB has jumped by 126%, the highest it’s been since January. This rise in chatter means more people are talking about SHIB, which often leads to more buying interest – or more people getting confused and buying the wrong coin 🤦♂️.
If the trend continues, this growing activity could push more traders to jump in, adding fuel to SHIB’s current price momentum – or it could just make the whole thing more confusing, because, you know, crypto 🤯.
Shib Chart Hints Bullish Surge 📈
On top of that, the Shiba Inu chart hints at a bullish surge, because who doesn’t love a good chart? 📊 One of the key signals is the “golden crossover,” when the 20-day EMA moves above the 50-day EMA. This technical pattern is often seen as a sign that a strong uptrend is about to begin – or it could just be a bunch of squiggly lines on a chart 🤪.
The last time this crossover appeared, SHIB jumped from $0.00001320 to $0.000017. This time, the crossover is forming again, right near the $0.00001358 level, raising hopes that history could repeat itself – or that the whole thing could just crash and burn 🔥.
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2025-07-16 15:37