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The meme coin sector is showing renewed strength after the holidays, with fresh data pointing to a strong rebound across several major tokens.

WallStreetBets founder Jamie Rogozinski has attributed the recent surge in SHIB’s price to the Shiba Inu team’s relentless token burn campaign.

Shiba Inu (SHIB) and Dogecoin (DOGE) recorded mixed performances at the time of writing, with both meme tokens showing signs of weaker market activity while Ethereum (ETH) advanced on higher trading volumes. According to CoinMarketCap data, SHIB and DOGE faced declining demand, compared to Ethereum’s stronger buying momentum that pushed its price above the $3,700 mark.

Leading memecoin project Shiba Inu escalated its Shibburn process on Monday when an unidentified whale sent over 1 billion SHIB tokens to an unspendable wallet. The mammoth-sized transaction marked the highest single Shibburn ever and raised the exercise rate by 116,757%.

Crypto analyst Javon Marks has reaffirmed his bullish price target of $0.000081 for Shiba Inu (SHIB), a move that would represent a staggering 609% gain from current prices.

Shiba Inu (SHIB) has recently shown intriguing price behavior that has caught the attention of traders and crypto enthusiasts. Despite a minor daily dip of 0.40%, investor interest remains elevated.

Shiba Inu (SHIB) has grown into a notable cryptocurrency within the market and with many investors looking for ways to secure their financial future, most are eyeing SHIB as a long-term asset to help them reach major financial goals, like retirement.

The Shiba Inu (SHIB) community has significantly ramped up its token-burning efforts, permanently removing over 1.3 billion SHIB from the circulating supply in just seven days. This intensified deflationary pressure, which includes a dramatic 4,000% spike in the daily burn rate, comes even as the token’s market price has continued to decline.

Shiba Inu (SHIB) ‘s burn activity has shown no signs of slowing down, as the community has burned over 537 billion tokens in the last 24 hours. According to on-chain data the daily SHIB burn rate has spiked by 3,484%.

Bullish signals emerged on the community-focused Ethereum-based memecoin, Shiba Inu, with the cryptocurrency’s exchange reserve surging to $929 million in 24 hours. This development boosted optimism among SHIB investors and coincided with a significant rally in the memecoin’s price.

Speculation continues to swirl around Shiba Inu (SHIB), with many in the crypto community eyeing a potential, albeit ambitious, rise to the $0.0007 price mark. A move of this magnitude could dramatically multiply even a modest investment, transforming a small stake into a significant return.

, a relatively new player in the blockchain space, focused on creating a unique metaverse experience with the help of its native token, SHIBA, has made a recent move. The project has launched its Twitter account, where it will be sharing updates on its development progress and other relevant news.

Several altcoins are capturing investor attention as they approach critical technical levels, setting the stage for a potential breakout or breakdown.

Shiba Inu (SHIB) has shown resilience in recent trading sessions, maintaining upward momentum despite sharp intraday fluctuations. The token is currently priced at , reflecting a modest 0.57% gain over the past 24 hours.

Shiba Inu (SHIB) investors finally have a reason to be hopeful, as fresh signals in the market hint at a possible trend reversal.

Susbarium Shibarium Trust Watch

Shiba Inu (SHIB) is showing early signs of renewed investor interest as open interest on the meme coin increased by 2.03%, reaching 11.36 trillion SHIB valued at approximately $158.65 million. The growth, based on CoinGlass , follows a period of price volatility and aligns with technical chart patterns that indicate a possible trend reversal.

Conversational AI chatbots ChatGPT and Grok have predicted that Shiba Inu (SHIB) will reach a remarkable $0.00024 price target this year.

Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has recently surprised traders with a solid price performance. Despite broader market hesitation, SHIB has carved out a modest upward trend. The price reached , marking a 1.45% daily gain, a move that ran counter to the expectations of many investors who had been bracing for a further retracement.

Shiba Inu (SHIB) whale dropped 83% in the past 30 days, falling from 8 trillion SHIB to below 2 trillion. Outflows also fell more than 80% in the same period, showing a sharp drop in large holder activity.