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 primary factors that contribute to the dramatic increase in the Shiba Inu burn rate, and how sustainable are these factors in the long term?
    Could the recent governance changes in Shiba Inu be a front for a more centralized control mechanism, despite claims of decentralization?
    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?

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