Shiba Inu Burn Rate Skyrockets 57,069%, But Why Did This Whale Burn 1M SHIB?

Despite Shiba Inu (CRYPTO: SHIB) prices pulling back, burn rates and whale transactions are surging and fueling optimism for the meme coin’s next move.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB) $0.00001436 $8.5 billion -6.8%  +12.6% 
Dogecoin (CRYPTO: DOGE) $0.1960 $29.1 billion -4.3%  +14.3% 
Pepe (CRYPTO: PEPE) $0.058542 $3.6 billion -6.4%  +14.8% 

Trader Notes: Post Shiba Inu’s 15% rally in yesterday trading session, crypto trader Javon Marks believes SHIB’s momentum remains strong despite its recent breakout. If the rally continues, he projects a 415% surge toward $0.000081.

Full story available on Benzinga.com