Shiba Inu Burn Rate Soars 508%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has seen its burn rate skyrocket over the last day, helping shift momentum from a downtrend into an uptrend. Traders suggest the meme coin could now be entering a rally phase after weeks of consolidation.

Trader Notes: Crypto trader Kamran Ashgar questioned if SHIB's lengthy consolidation is finally over, hinting at potential for a "massive expansion" ahead.