Shiba Inu Burn Rate Skyrockets, Fueling Renewed Bullish Hope for 105% Upside

Shiba Inu (SHIB) is experiencing a surge in activity fueled by a dramatic increase in its burn rate. The memecoin’s token supply decreased by over 6,500%, indicating a potential shift in market sentiment and fueling speculation about a significant price jump. This recent spike coincides with the SHIB’s rallying attempt above a long-term descending resistance trendline. Analysts are predicting a possible upside of up to 105% if support holds strong near the $0.00001500 level, while some even anticipate a 17x price increase from current levels.