$SHIB
Shiba Inu (SHIB) is back in the spotlight after its burn rate spiked about 1,800%, showing a fresh push from the community to cut the circulating supply. Fewer tokens can mean more scarcity, which could help prices if the market turns bullish.
Even with recent sideways action, SHIB still has solid backing thanks to its active community and ongoing work in the ecosystem—like growing Shibarium usage and new DeFi tie-ins. Big burn surges have often come with higher volatility, which brings both opportunities and risks for traders.
Burns alone don’t guarantee a quick rally, but they support SHIB’s long‑term deflation plan. Watch the key resistance levels to see if this burn wave can fuel the next move up.
