$SHIB Inu's burn rate has surged by a remarkable 4,100% in the last 24 hours, with over 21 million SHIB tokens permanently removed from circulation, signaling a potential reduction in supply.

Despite this, $SHIB 's price has fallen nearly 11%, reflecting broader market weakness amid $711 million in cryptocurrency liquidations. However, a 2,004% increase in large whale transactions suggests that big holders are strategically positioning themselves, either accumulating or redistributing SHIB.

Traders should watch for potential buying opportunities as the market stabilizes, keeping an eye on whale activity and the upcoming January 14th event, which could be a catalyst for future price movements.

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