🔥 Burn Rate Skyrockets Over 234,000%

On May 11, 2025, #SHIB 's burn rate experienced an unprecedented surge of 234,584%, with over 19 million tokens removed from circulation in a single day. Notably, one transaction alone accounted for 17.8 million SHIB tokens being sent to a burn address . This #significant reduction in supply is fueling optimism among investors, as decreased token availability can lead to price appreciation.

📈 Bullish Harmonic Pattern #signals 190% Upside

Technical analysis reveals that SHIB has formed a bullish harmonic pattern, #StrategyTrade suggesting a potential 190% price increase. This pattern, coupled with the recent burn activity, indicates strong upward momentum. The token recently reached $0.000016, marking a 52% increase from its lowest point this year .

🌐 Shibarium Activity and #market Sentiment

The Shiba Inu ecosystem is further strengthened by the Shibarium Layer-2 blockchain, which has seen a significant increase in daily transactions—from approximately 69,800 to 1.46 million within 24 hours . This uptick in activity reflects growing community engagement and confidence in SHIB's long-term potential.

📊 Current Market Snapshot

As of now, SHIB is trading at approximately $0.00001605. With nearly 50% of its original 1 quadrillion supply already burned, the token's scarcity is becoming more pronounced, potentially driving further price increases.

🚀 Conclusion: Is SHIB Poised for a Breakout?

The combination of an explosive burn rate, bullish technical patterns, and increased network activity positions Shiba Inu for a potential breakout. Investors and traders are closely monitoring these developments, anticipating significant price movements in the near future.