Whale activity signals potential SHIB volatility amid rising trading volumes.
SHIB burn rate drops by 52%, slowing supply reduction and impacting market dynamics.
SHIB shows consolidation with weak bullish momentum and a neutral RSI indicator.
Shiba Inu has seen a 13.61% increase in trading volume over the past 24 hours. This surge in activity is raising concerns about a potential price breakout as market volatility returns.
Increased whale activity further suggests the possibility of price shifts, as these large holders can significantly influence SHIB’s value. With retail investors and whales exhibiting different trading behaviors, the SHIB market seems to be at a crossroads, trying to find its next direction.
Shiba Inu Burn Rate Drops by Over 50% in 24 Hours
Shibburn data reveals that SHIB’s burn rate has dropped by 52.16% in the last 24 hours. Only 1,200,480 SHIB tokens were burned during this period, a significant decrease from previous days. This slowdown in removing SHIB from circulation could affect the token’s overall supply and market activity.
Source: Shibburn
SHIB Price Overview and Current Market Conditions
Despite the recent b…
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