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CryptoNewsShiba Inu Slides 5% Despite Token Burn as BTC Drops Below 200-Day Average
Shiba Inu Slides 5% Despite Token Burn as BTC Drops Below 200-Day Average
Crypto

Shiba Inu Slides 5% Despite Token Burn as BTC Drops Below 200-Day Average

•November 3, 2025
0
CoinDesk
CoinDesk•Nov 3, 2025

Why It Matters

The move shows that token‑burn mechanisms alone cannot counteract macro‑level bearish sentiment and whale selling in meme tokens, raising risk for investors. Bitcoin’s breach of its 200‑day SMA signals broader market weakness that could keep altcoins under pressure.

Shiba Inu Slides 5% Despite Token Burn as BTC Drops Below 200-day Average

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