๐Ÿ”ฅ 410 Trillion $SHIB Burned and 4.8T Staked: Can Shiba Inu Price Surge 150%?

๐Ÿถ Despite being in a bear market, Shiba Inu's soaring burn rate could spark a strong rally. SHIB is trading around $0.000014, hovering just above its year-to-date low of $0.00001025.

๐Ÿ”ฅ The burn process, which reduces token supply, has seen over 420 trillion SHIB destroyed so far. Recently, the daily burn rate jumped by 14.76 million, cutting circulation to 584 trillion tokens and boosting investor sentiment.

๐Ÿ”’ Staking activity is also rising, with over 15,000 SHIB Army members locking up 4.83 trillion SHIB (worth over $67M). This shows growing confidence in SHIBโ€™s long-term potential.

๐Ÿš€ SHIB burns tokens mainly through dead address transfers and ecosystem fees (like Shibarium swaps). This ongoing reduction could set the stage for a major price rally.

๐Ÿ“ˆ Technical charts show a giant double-bottom pattern around $0.00001080, hinting at a potential 150% surge toward $0.000033. Key targets to watch: $0.00001565 and $0.000022. A drop below $0.00001080 would cancel this bullish outlook.

โš ๏ธ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.