'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets 2,289%, As Unknown Whale Hoards $14M In SHIB
Portfolio Pulse from Khyathi Dalal
Shiba Inu (CRYPTO: SHIB) sees a 2,889.5% burn rate increase with significant token burns and whale accumulation of $14M in SHIB. Despite a recent 4% drop, SHIB experienced a surge, nearly hitting $0.00003. Large transaction volumes increased by 38%, and Shiba Inu's marketing hints at major plans for the TREAT token within its ecosystem.
March 18, 2024 | 6:43 pm
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POSITIVE IMPACT
Shiba Inu sees a significant increase in burn rate and whale activity, with a recent price surge despite a short-term drop. Marketing activities hint at future ecosystem developments.
The substantial increase in SHIB's burn rate and whale accumulation indicates strong investor sentiment and potential for future price increases. Marketing hints at ecosystem expansions, likely to positively impact SHIB's value.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100