👀👀Are Shiba Inu Investors Wondering About the Price Increase? 👀👀

The Shiba Inu (SHIB) has been a standout performer lately. SHIB's burn rate increased by 781% in the last 24 hours, while its price increased by 16%. These developments show a renewed interest in and trust in the Shiba Inu.

According to the latest data, the price of Shiba Inu increased by 16% to $0.0000164. According to Shibburn X reports, more than 18 million SHIB tokens have been burned in the last 24 hours. This has caused great optimism in the Shiba Inu community. The general positive atmosphere in the cryptocurrency market also positively affected the performance of Shiba Inu. As investor interest increased and market conditions stabilized, it contributed to SHIB's appreciation. The increase in the burn rate and the rise in price has increased enthusiasm in the Shiba Inu community.

The Shiba Inu's performance will be closely monitored in the coming weeks. According to IntoTheBlock data, 422.29 trillion SHIB is held in 23,330 addresses at an average price of $0.000017. If this critical level is exceeded, SHIB may reach $0.00002. A sustained break above the 50- and 200-day moving averages could signal a strong bullish move.

Shiba Inu's latest performance has also attracted the attention of whales, namely big investors. Collective actions by these large Shiba Inu holders could have significant impacts on the token's market dynamics. This contributes to the volatile yet promising nature of SHIB.

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