Shiba Inu (CRYPTO: SHIB) is trading higher as the burn rate spikes 189% prompting traders to predict a 231% rally for the meme coin.
What Happened: Shibburn data reported a burn rate of 189.4% in the past 24 hours. About 3.6 million SHIB coins were incinerated. Within the last five hours, two transactions of 1.5 million and 1 million SHIB coins were recorded.
Crypto trader Javon Marks noted Shiba Inu’s prices have confirmed multiple bullish patterns, indicating a potential massive recovery of over 231% back to its 2024 highs. He suggested that the current price patterns could be part of a larger process, with the …
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