Dogecoin, Shiba Inu Slide 5% Despite Rising Burn Rates, Whale Accumulation: What's Going On?

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are struggling despite positive on-chain metrics and technical buy signals.

While SHIB’s burn rate is soaring and DOGE whales are accumulating, broader market sentiment remains cautious.  

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin DOGE/USD	$0.1645	$24.4 billion	-4.3%	+1.1%
Shiba Inu SHIB/USD	$0.00001233	$7.3 billion	-4.4%	+4.1%
Pepe PEPE/USD	$0.056781	$2.9 billion	-4.2%	+11.6%

Trader Notes: Crypto analyst Ali Martinez noted that the TD Sequential indicator is flashing a buy signal for DOGE on the 3-day chart, suggesting a bounce is imminent.

Trader Tardigrade pointed out that Dogecoin's Stochastic RSI indicates the downtrend may be ending, with $1 as a potential target.

#Dogecoin Stochastic RSI suggests $DOGE could stop its downtrend here and aim for the $1 mark 🔥$Doge pic.twitter.com/gkpayjUoTc

— Trader Tardigrade (@TATrader_Alan) March 18, 2025

Glassnode data shows that early SHIB holders accumulated over 20% of the supply at low prices and sold at key peaks, driving sharp corrections. This shows how concentrated ownership amplifies volatility.  

Statistics: Shibburn data shows 15.49 million SHIB burned in the past 24 hours, pushing the burn rate up 529.9%.

A single transaction 22 hours ago removed 11.69 million SHIB from circulation.

Shibariumscan data shows Daily transactions jumped from 205,000 to 2.17 million in the past three days.

Shiba Inu large transaction and daily active addresses are down 38.9% and 11.2%, respectively, in a single day.

Santiment data shows a rise in wallets holding at least 1 million DOGE, signaling increased whale accumulation.

DOGE's active addresses surged to a 4-month high, indicating growing investor interest despite recent price declines.

Between March 11 to March 16, more than 150,000 active DOGE addresses per day were recorded which is highest since mid-November.         

Community News: Lucie, Shiba Inu's marketing lead, urged Elon Musk to recognize SHIB's evolution beyond meme status, highlighting five key developments from 2021 to 2025.

Shibarium L2, Shib Games & Metaverse, Major Partnerships, Shib OS and Shib Torch are the five game changing factors of SHIB community.

What's Next: With Dogecoin showing buy signals and Shiba Inu’s burn rate surging, traders are eyeing potential reversals.

However, broader market sentiment remains cautious, and investors are watching for further whale accumulation or macroeconomic shifts to drive the next move.

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• ‘I Lost Everything’—Trader Turns 0 Into $5 Million, Loses It All With Meme Coins That Were Supposed To Become The Next Dogecoin, Shiba Inu

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