Shib rallies over 6.5% as supply dynamics reshape market structure

Shib has outperformed broader market momentum, riding a wave of supply tightening that's reshaping token economics. The catalyst? A combination of accelerated burn activity and institutional capital rotating away from centralized exchanges.

What's driving the move:

The burn rate spiked dramatically—173M Shib tokens hit the fire this cycle, representing a 10,728% surge from baseline periods. Simultaneously, 200B Shib flowed out of major exchanges, signaling either accumulation plays or repositioning ahead of volatility.

On the technicals, MACD crossed bullish, validating upside momentum. The broader meme narrative is hot too—peers like Pepe and Doge are capturing similar tailwinds, suggesting sector-wide sentiment rotation.

Price action remains sandwiched between defined levels: $0.0000075 forms the support floor, while resistance clusters around $0.00000815 to $0.0000085. Watch the mid-point for breakout confirmation.