Despite the abovementioned $SHIB
burn rate surge, Shiba Inu price slipped 15% intraday and is currently sitting at $0.00002646. Its 24-hour low and high were $0.00002511 and $0.00003141, respectively. Nevertheless, the weekly chart for the asset indicated gains worth 16%, underlining market potential amid a broader bullish landscape.
Further, a recent Shiba Inu coin price analysis by CoinGape pointed out another bullish on-chain metric, indicating gains imminent. Per the analysis, the meme coin’s price could see further 100% gains as large holder concentration remains at 73%, flagging potential to pump ahead. Despite the token’s waning intraday movement, on-chain stats paint a bullish picture of the meme coin ahead.
