Burn data is one of the earliest signals for gauging sentiment toward deflationary tokens. Over the past 24 hours, about 298 million SHIB were burned, and the daily burn rate surged 6,847%, accelerating the short-term contraction in circulating supply. Such spikes often coincide with turning points in market attention.
Looking at the current price: SHIB is trading at 0.00000588, up 0.0% in 24 hours. The burn surged, but the price didn’t budge—a classic volume-price divergence, suggesting fresh capital hasn’t entered the market yet. As a strategy, treat a “more than 1,000-fold increase in daily burns” as a trigger to watch, and wait for daily trading volume to expand in tandem before confirming the direction. If burns continue to rise while the price consolidates around 0.00000588, view it as an accumulation pattern with low-priced tokens remaining locked up. If the price holds on a pullback, you can continue to follow the trend; once it breaks out on strong volume, the shift in sentiment is confirmed.
#SHIB
Looking at the current price: SHIB is trading at 0.00000588, up 0.0% in 24 hours. The burn surged, but the price didn’t budge—a classic volume-price divergence, suggesting fresh capital hasn’t entered the market yet. As a strategy, treat a “more than 1,000-fold increase in daily burns” as a trigger to watch, and wait for daily trading volume to expand in tandem before confirming the direction. If burns continue to rise while the price consolidates around 0.00000588, view it as an accumulation pattern with low-priced tokens remaining locked up. If the price holds on a pullback, you can continue to follow the trend; once it breaks out on strong volume, the shift in sentiment is confirmed.
#SHIB