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Tdasx Crypto Whales Bet Big On Shiba Inu, Do They Know Something You Don't?
As the memecoin market gears toward recovery, Shiba Inu (SHIB) excites investors with a surprising price correction. This cryptocurrency experienced a significant surge in its trading value and burn rate. About a week ago, Shiba Inu recorded an astounding burn rate of 781%, which triggered a notable price increase.
The price of Shiba Inu rose by nearly 20%, signaling a massive upward trend for crypto whales. At the time of writing, Shiba Inu has maintained a steady rise, yielding over 5% gains for investors in 24 hours. This remarkable price recovery has invigorated its community and also attracted crypto whales from other projects to it.
According to Shibburn's X post, over 18 million SHIB tokens were burned between 6th and 7th July 2024. Today, Shiba Inu trades at $0.0000165, an impressive surge from its recent lows. As general market conditions stabilize, fueling investors’ hopes, analysts predict a massive increase in trading activity for Shiba Inu.
