🔥 $SHIB Burn Frenzy: Can It Spark a Real Bull Run?
Shiba Inu just triggered a serious buzz — burn rate just spiked over 5,700%, with more than 26 million SHIB torched in a single day. But let’s be real: does this mean $SHIB is ready to moon, or are we falling for another smoke show? 🧠👇
📊 Burn & Price Snapshot
Current Price: ~$0.00001324 (+2.7%)
Daily Burn: +5,762% → 26 million SHIB
Weekly Burn: ~120 million SHIB (↓19% from last week)
Circulating Supply: ~584 trillion
Total Burned to Date: ~410 trillion
30% of SHIB’s original supply has already been removed — but does that automatically mean price lift? Not quite.
🧠 On-Chain Vibes
Retail Interest: SHIB wallet count crossed 1.5 million — community still growing
Whale Behavior: No panic exits spotted — large holders appear steady
Support Zone: $0.00001200–$0.00001300 is holding strong with decent volume
🧭 What Could Happen Next?
✅ Bullish Case
Consistent burning + strong wallet growth = real scarcity
Price breaks above $0.00001500, next stops could be $0.00001800–$0.00002000
Ecosystem projects (Shibarium, ShibaSwap) adding long-term fundamentals
⚠️ Bearish Caution
Historical burns haven’t always meant price pumps
Weekly burn rate actually dropped 19% before the latest spike
Without volume, price could stall or fade
🧩 Strategy Guide
Entry Zone: $0.00001200–$0.00001300 → solid historical support
Target 1: $0.00001500 → previous rejection zone
Target 2: $0.00001800–$0.00002000 → breakout levels
Stop Zone: Below $0.00001200 if volume fades
🔥 Final Take
SHIB's burn rate might be loud — but smart traders pair that with volume, wallet growth, and breakout confirmation. Without those? It’s just noise.
If meme hype meets on-chain strength, SHIB has room to climb — just keep your stop-losses tight and your entries smart.
Does this burn spike mean SHIB’s waking up? Or just another fakeout before the real move?
Sound off below 🔥👇
