🔥 Shiba Inu ( $SHIB ) is targeting the $0.001 level following a mysterious 1B SHIB burn and rising fears of a supply crunch. The meme coin market is also rebounding, with a 10% gain in total cap this week, boosting bullish sentiment.
🔥 An unknown wallet burned 1B SHIB in one transaction, while another burned 23M — fueling a sharp rise in the burn rate. Shibarium’s TVL has surged by $1M in a week, and higher network activity may keep burns high and supply low.
📉 SHIB supply on exchanges has dropped to a 4-year low — now just 16% of its circulating supply. With fewer tokens available for sale, a supply crunch may follow, potentially sparking a parabolic rally.
📈 SHIB trades at $0.0000135, up 2.5% in 24h, and has broken out of a descending channel. If it flips the 50-day SMA at $0.0000141, it could jump 36% to the 200-day SMA at $0.000019.
🚀 A rally to $0.001 (a $589B market cap) is possible if burns continue, Shibarium grows, and demand outpaces supply. Speculation around a SHIB ETF could also amplify gains.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)