The **Shiba Inu (SHIB)** currency continues to attract attention in the cryptocurrency market, as the currency has recently seen notable movements and increased activity from the community and investors. In this article, we present to you the most important happenings around SHIB today in an objective and neutral manner.

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## **1. Currency Performance in the Market**

- **Current Price:** Ranges between 0.0000117 and 0.0000122 USD.

- **Daily Change:** The currency has seen a slight increase of 0.62% over the past 24 hours.

- **Market Cap:** Approximately $7.2 billion.

- **Daily Trading Volume:** Exceeds $100 million.

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## **2. Significant Increase in Burn Rate**

In a notable development, the token burn rate has increased by over 3200%, with more than 28 million SHIB tokens being burned in a single day.

This type of operation contributes to reducing the supply of the currency, which could be a significant factor in price movement in the long term, but it does not guarantee direct upward movement.

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## **3. Technical Activity and Analysis**

- SHIB is moving within a support range at 0.00001106 and resistance at 0.00001290.

- If resistance is broken, the price may move towards higher levels, but this depends on several factors such as overall trading volume and the general market climate.

- Active wallets have increased by 5.74%, indicating a rise in interest and engagement.

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## **4. New Listings Enhance Liquidity**

SHIB has seen a strong boost after being listed in a trading pair against the Korean won on the Upbit exchange, leading to a flow of new liquidity and an increase in trading volumes, especially from Asian markets.

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## **5. Important Notes**

Although many investors see SHIB as a project with a supportive community and ongoing activity, cryptocurrencies remain highly volatile, and past performance cannot be relied upon to predict the future.

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### **Important Notice**

*This article is for educational purposes only and does not constitute financial or investment advice. It is always advisable to conduct your own research before making any financial decisions.#Shibalnu #Shibarium #SaylorBTCPurchase #BNBChainMeme