Only 1.45 billion $SHIB were burned in 24 hours—what does that have to do with the tokens in your wallet? Everyone online is calling for a reversal, but the price is still down 1.28% and going nowhere.
Don’t be fooled by the “token burn reversal” narrative. On-chain activity is declining, and without real buying pressure, burns alone can’t drive a reversal—they’re at most a sentiment catalyst.
Here’s where things are most likely to go wrong: a reversal only takes hold if on-chain activity picks up and buyers absorb the supply that’s been burned. For now, sit tight and watch whether the number of active addresses can return to its 7-day average.
Do you think this $SHIB trend can hold for another 3 days, or will it go straight back to ranging? Type 1 if you think it’ll continue; type 2 if you think it’ll return to a range.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament
Don’t be fooled by the “token burn reversal” narrative. On-chain activity is declining, and without real buying pressure, burns alone can’t drive a reversal—they’re at most a sentiment catalyst.
Here’s where things are most likely to go wrong: a reversal only takes hold if on-chain activity picks up and buyers absorb the supply that’s been burned. For now, sit tight and watch whether the number of active addresses can return to its 7-day average.
Do you think this $SHIB trend can hold for another 3 days, or will it go straight back to ranging? Type 1 if you think it’ll continue; type 2 if you think it’ll return to a range.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament