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Shiba Inu’s burn rate has skyrocketed 7,200%, signaling a massive reduction in circulating supply. For a token with SHIB’s enormous supply, such a surge in burns often acts as a bullish catalyst, potentially driving price upward if demand holds steady.
Whale activity in the Shiba Inu ecosystem has also surged, with holdings jumping from 28 billion to 89 billion SHIB.
This massive accumulation signals that high-net-worth investors may be positioning for a potential market move, highlighting bullish sentiment as whales often lead trends in the crypto market.
Adding to the bullish outlook, SHIB’s exchange reserves are steadily declining. As tokens leave centralized platforms, liquidity tightens, creating potential scarcity that can amplify buying pressure and support price stability, or even trigger upward momentum.
 
Despite current lows, the second-largest meme coin is showing signs of potential upside, as burn rates are surging, whales are accumulating, and exchange reserves are falling.
Meanwhile, Shiba Inu has been forming a classic consolidation pattern, with converging trendlines signaling market equilibrium. Historically, such setups often precede major moves, and a bullish breakout could push SHIB up by 35% to challenge its May high of $0.00001760.