CRYPTO

Shiba Inu's Big Burn: What's Cooking?

Mon Aug 11 2025

Massive Increase in Burn Rate

Over 9.61 million tokens destroyed in one day
Burn rate up by 3,464.7%

Potential Impact on Token Value

Reduction in circulating supply
Potential increase in token value

Trader Sentiment and Predictions

Javon Marks observes bullish divergence
Predicts a rally of more than 156%
Potential price target: $0.000032
Wyckoff Insider notes bullish formation
Confirms long setup with stop-loss below LPS

Concerns and Mixed Signals

Large transaction volume narrowed by 28.1%
Daily active addresses up by 0.97%

Shiba Inu Announces Elections

First president and DAO Council to be elected
Step towards decentralized management and governance

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questions

What are the implications of the narrowing large transaction volume for Shiba Inu, and how might this affect the token's price stability?

How does the bullish divergence observed by crypto trader Javon Marks compare to historical price movements of Shiba Inu, and what are the potential risks associated with this signal?

Is the bullish divergence signal highlighted by Javon Marks a genuine market indicator, or is it being used to mislead traders into making rash decisions?

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