Shiba Inu Soars 12%, Fueled by Whale Activity Despite Low Volume

Shiba Inu’s price surged 12% in the past 24 hours, outpacing the broader crypto market, driven by a surge in whale transactions and increased burn rates. Whale activity saw a dramatic increase, with trades totaling between $1 million and $10 million, contributing to the token’s upward momentum. This rally came despite a drop in trading volume of 28.44%, suggesting potential challenges for sustained growth without greater market participation.