Shiba Inu$ETH (SHIB) has recently experienced a decline in whale demand, with a $BTC 700 million .

Shiba Inu$ETH (SHIB) has recently experienced a decline in whale demand, with a $BTC 700 million drop over the past week, as investors have shifted focus towards Dogecoin $BNB amid its rally.

FxEmpire

Additionally, the burn rate of SHIB tokens has surged by 6,100%, with 290,000 tokens removed from circulation, potentially impacting its supply dynamics.

BizTech Africa

Given these factors, traders should exercise caution, as the reduced whale activity and increased burn rate may lead to price volatility. It's advisable to monitor SHIB's price movements closely and consider setting stop-loss orders to manage potential risks.

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