Shiba Inu $SHIB Eyes Upside as Whale Activity and Burns Heat Up
Shiba Inu surged 8% amid a spike in whale activity and notable token burns, signaling renewed bullish momentum. Analysts are now speculating that this could pave the way for a potential 59% rally as investor interest ramps up.
The combination of whales accumulating large positions and the ongoing reduction of circulating supply through token burns is fueling optimism in the market. If this trend continues, SHIB could be primed for a breakout, reinforcing its status as a meme coin with serious market dynamics behind it.
Traders should watch for continued whale accumulation and burn patterns as key indicators for the next leg up.
