Shiba Inu’s Price Jumps 12%, Driven by Whale Activity, Burn Rate Spike

Shiba Inu (SHIB) has surged in price, experiencing a notable rebound of 12% despite a dip earlier. This rise is largely attributed to significant whale activity and the increased burning rate of SHIB tokens. The market cap has also climbed to $8.16 billion, driven by recent burn strategies to reduce supply. While trading volume has decreased compared to the previous days, this hasn’t stopped SHIB from gaining momentum.