Shiba Inu’s burn rate surged 2,097% on-chain, aligning with a 200 million DOGE transfer. On-chain data also show elevated activity around meme coins, signaling potential volatility rather than a sustained trend. The timing underscores cross-asset momentum rather than a single-event shock.
DOGE and SHIB have fallen roughly 13% over the past week, while on-chain activity and technical signals point to renewed volatility. Analysts say the moves reflect broader market sentiment rather than a standalone price action. With meme-coin dynamics entwined with overall crypto momentum, traders remain cautious about upcoming catalysts. As meme coins move with wider market momentum, traders will watch for catalysts that could drive sharper near-term shifts.
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