The Shiba Inu price is trading at $0.0000061, trapped between a sudden surge in deflationary activity and a suffocating macro sentiment backdrop.

As the community successfully removed over 68M tokens from circulation in the last 24 hours, spiking the SHIB burn rate significantly, the token enjoyed a +2.7% pump overnight as the meme coin sector continues to gain momentum.

SHIB burn rate surges +45%  — 6.8M+ tokens torched in 24h as Shibarium txs spike & whales keep stacking off exchanges (exchange supply hitting lows). FHE privacy upgrade on track for Q2: full confidential txs + shielded DeFi loading. Ecosystem heating up!#SHIB #ShibArmy pic.twitter.com/yloe1U6Gc5

— Shib Crypto Mind (@ShibMasterMind) March 12, 2026

Traders are now questioning whether this supply shock is enough to counter the broader bearish trend that is pushing meme coins toward critical support levels.

On-chain metrics are now in unison with the SHIB price chart.

For now, the market is deciding whether the burn can continue to fuel this recent momentum or if a reversal signal will flash soon.

Unlike SHIB, which is weighed down by trillions of tokens and years of baggage, MAXI offers a fresh start with a clear roadmap. The project has already raised $4.6M capital in its early rounds, signaling strong interest from retail participants seeking high upside absent in mature assets.

For investors hedging against the risk of SHIB stagnation, Maxi Doge presents a speculative vehicle with a distinct risk-reward profile. It is the perfect play for those who missed the initial run-ups on the likes of DOGE, SHIB, and PEPE, all of which printed literal millionaires overnight.

MAXI is currently selling at $0.0002808, with just 48 hours remaining before the presale moves to its next price stage, which will mark the end of this early-bird offering.