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Shiba Inu rallies 8% as geopolitical tensions ease and token burns surge 637%.

Market News
24 Mar 2026
Blockonomi
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) surged over 8% to $0.00000615 following a decline in geopolitical risks after reports that Trump postponed potential Iran strikes. This eased market fears and boosted crypto sentiment, with Bitcoin also rising above $70,000. SHIB's token burn activity exploded by 637%, removing over 8 million tokens and supporting its deflationary model. Increased spot and derivatives trading volumes reflect growing investor interest, while U.S. regulatory clarity classifying SHIB as a digital commodity reduces compliance concerns. If SHIB holds above $0.000006, it could target higher levels at $0.0000065 and $0.0000070.

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