Shiba Inu Momentum Booms: 6.2B Tokens Move on Binance as Burn Rate Jumps

Shiba Inu ($SHIB) is experiencing a surge in trading activity, with the token hitting a new all-time high price of $0.00001609 after a sharp 8.01% rise in the last 24 hours. This upward trend follows increased interest from both retail and institutional investors, driving trading volume to unprecedented levels on major platforms like Binance. Binance saw over 6.2 billion SHIB tokens traded within a single day, resulting in a notable surge in volume across the platform’s SHIB/USDT and SHIB/USDC pairs. Market analysts suggest this spike reflects growing interest from both institutional investors and retail traders alike.