$SHIB Shiba Inu Shiba Inushib0.17%Shiba Inu retreat happened as Bitcoin Bitcoinbtc-0.98%. Bitcoin and other meme coins amid concerns about a potential self-inflicted recession in the U.S.

There are signs that the ongoing SHIB price crash may be nearing its end. First, the amount of SHIB coins being burned has surged in recent weeks. According to ShibBurn, the burn rate jumped by over 62,000% in the last 24 hours.

The surge in the burn rate was driven by a single user who sent almost 460 million SHIB coins to a dead wallet. Over 410 trillion SHIB coins have now been incinerated since its inception, leaving the circulating supply at about 584 trillion.

Shiba Inu’s price could also benefit from macroeconomic factors. There’s a likelihood that the stock market will bounce back after recent declines driven by Trump’s tariff policy.#TrumpTariffs #SHIB