Shiba Inu Ignites: Price Surge Supported by Record Burn and Whale Activity

The price of Shiba Inu has risen by 8%, supported by a 188% increase in whale activity and a 48,000% rise in the burn rate, which has bolstered expectations of breaking the double bottom pattern and reaching $0.0000254. Despite the strong momentum, indicators such as rising RSI and increased SHIB inflows to exchanges suggest a potential short-term slowdown before the next ascent.