Shiba Inu Burn Rate Soars 107%, Whale Transactions Surge: What’s Going On?

Shiba Inu (CRYPTO: SHIB) is gaining traction with rising burn rates rise and whale activity, prompting cautious optimism among traders remain about its ability to hold key support levels.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB)  $0.00001423 $8.4 billion +3%  -7.7% 
Dogecoin (CRYPTO: DOGE)  $0.2081 $30.8 billion +0.7%  -18.2% 
Pepe (CRYPTO: PEPE)  $0.058107 $3.4 billion +3.5%  -14% 

Trader Notes: The Crypto Basic reports that SHIB is hovering around its crucial support level at $0.0000147.

The news provider cited analyst Paul Endeo that holding this level could drive …

Full story available on Benzinga.com

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