Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have both fallen roughly 13% over the past week, but on-chain activity and technical signals suggest volatility may be building beneath the surface.

Shiba Inu Burn Rate Spikes

According to Shibburn data, Shiba Inu’s burn rate surged 2,097.7% in a single day, with approximately 2.63 million SHIB permanently removed from circulation across multiple transactions.

Meanwhile, Shiba Inu marketing lead Lucie issued a warning about a coordinated address-poisoning campaign targeting Safe Wallet users.

Attackers reportedly created thousands of lookalike wallet addresses designed to trick users into sending funds to the wrong destination, raising…

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