SHIBPrice

Shiba Inu (SHIB), the popular meme coin, is back in the spotlight as technical charts and on-chain activity hint at a major price rally. According to recent data, SHIB's burn rate has skyrocketed by an eye-popping 234,584% in just 24 hours, setting the stage for a potential 190% surge in its price. 📈

What’s Fueling the Fire? 🔥

The massive increase in the burn rate means that a huge amount of SHIB tokens are being permanently removed from circulation. This move is designed to increase scarcity, which could potentially drive up the token’s value. Over 21 million SHIB tokens were burned recently, contributing to the deflationary pressure that often supports bullish momentum.

Technical Analysis: A Bullish Pattern 🐂

Market analysts have spotted a classic bullish pattern forming on SHIB's price chart – a breakout from a descending triangle and a push above key resistance levels. If momentum continues, SHIB could aim for a 190% gain, aligning with previous historical breakouts.

Community Hype & Market Sentiment 💬

The SHIB community, famously known as the "Shib Army," is buzzing with optimism. Social media platforms are flooded with excitement, and the overall market sentiment appears to be turning positive, especially with altcoins gaining traction during the broader crypto rebound.

Caution is Key ⚠️

While the numbers look promising, it’s important to note that crypto markets are highly volatile. Sudden shifts in investor sentiment, macroeconomic news, or Bitcoin’s movement could quickly change the game. Always DYOR (Do Your Own Research) before making investment decisions.

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Final Thoughts
With the burn rate exploding and technical signals aligning, SHIB may be poised for a massive upswing. Whether it actually hits that 190% target remains to be seen, but one thing is clear: Shiba Inu
is heating up again. ♨️ #SHİB #CryptoNews #ShibaArmy #SHIBBurn #CryptoUpdate #Altcoins #MemeCoin #CryptoHype #SHIBPrice #CryptoBurn $SHIB

Hey Shiba fam! 🐕🚀 If you’ve been holding SHIB or watching its price closely, you’ll want to check this out. *Shiba Inu* is recovering, and its recent price rise is helping increase the number of millionaires in the SHIB community! Let’s dive into the numbers and see how this is unfolding. 💰📊

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*Price Recovery and SHIB Millionaires 🐾📈*

- *Current Price*: As of now, *SHIB* is trading at *0.00001682*, showing a *3% rise today*. 💹 This recovery is boosting the fortunes of both *whale holders* and *retail investors* who’ve been holding on during the downturn.

- *Weekly Performance*: SHIB is in the *green* this week, which is a good sign after a tough monthly dip. While the monthly chart is still *down 24%*, the bounce back has *gradually improved holders’ portfolios*. 📉➡️📈

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*How Many Millionaires Are Holding SHIB? 💎*

*At 0.00001682*, here’s the breakdown of SHIB millionaires:

1. *100,000 to 1 Million in SHIB*:
- *1,580 wallets* hold between *100,000* and *1 million* worth of SHIB.
- These wallets have a collective value of over *600 million*. 💸💵

2. *1 Million to10 Million in SHIB*:
- *880 wallets* fall into this category.
- Their *combined portfolio* is worth more than *$3 billion*. 😱🌍
3. *10 Million and Above in SHIB*:
- There are only *75 wallets* holding over *10 million* in SHIB.
- But, the *total value* of these wallets exceeds an *astonishing13 billion*! 🏆💰

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*What’s Happening With Retail Investors? 🤔*

- *1 Million to 10 Million SHIB*:
- Over *572,000* wallets hold between *1 million* and *10 million* SHIB.
- *Dollar value*: Around *16 to162* in SHIB per wallet. 💵

- *Less than 1 Million SHIB*:
- About *494,000* wallets hold fewer than *1 million* SHIB.
- *Total value* for this group: *37 million*. 🪙

- *10 Million to 100 Million SHIB*:
- Around *303,000* wallets fall into this category, holding *159 million* worth of SHIB. 💎

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*The Big Picture: Who’s Truly a SHIB Millionaire?*

- *Millionaire Threshold*: Only a *handful of addresses* hold enough SHIB to be considered millionaires, and they dominate the *top holdings* of the coin.

- *Why This Matters*: Even though there are *millions of holders*, the top-tier wallets control a *massive portion* of the total supply, which means that the *market* is still highly concentrated in the hands of a few.

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*What’s Next for SHIB? 🔮*
With *SHIB’s price rebounding by 32%* from the low of *$0.0000123*, the *whale portfolios* are gradually recovering, and things are looking more positive for *long-term holders*. 🏠💪

But, remember—SHIB is a *volatile asset*, so it’s important to stay informed and make smart moves. 🚨

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🚀 *Conclusion*: If you’ve been holding *Shiba Inu*, the recent price recovery is definitely a win! 💥 But the *millionaire wallets* still control a huge chunk of the market, so keep your eye on the bigger picture. With the *SHIB price* on the rise, there might still be more gains ahead for both *whales* and *retail investors* who *hold strong*. 💎

Let’s see what happens next! 📈

$SHIB

#ShibaInu #CryptoMillionaires #SHIBPrice #CryptoRecovery #CryptoUpdates