🔥 Shiba Inu June Update: Whales, Burns & Breakout Potential! 🐕
1. Whale Accumulation Surge
Shiba Inu whales scooped up 10.4 trillion SHIB (~$110 million) on June 25—the largest daily whale buy-in in over five months. This helped trigger a +17% bounce from 16-month lows .
2. Burn Rate Spike
SHIB’s burn rate recently soared by 5,404%, removing over 66 million tokens in 7 days. Higher burn rates create scarcity, which can support future upside .
3. Technical Setup
The price is stabilizing within a descending triangle ($0.00001158–$0.00001175). A decisive break above $0.00001185 could open the next rally. For now, range-bound action continues .
4. Ecosystem & Utility Trends
Shibarium L2 upgrades, rising developer activity, and burn-linked smart-contract fees (May burns hit +18% YoY) show SHIB moving from “just meme” to utility play .
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🧠 Final Take:
Whale accumulation + massive burns + improving on-chain activity = bullish signs 🎯. But SHIB must clear $0.00001185–$0.00001200 to confirm the trend. Watch that zone closely.
💬 Question time: Are you stacking SHIB before the breakout or waiting for confirmation? Drop your strategy below! 👇