The surge in Shiba Inu’s price is driven by increased burn rates, intensified whale activity, and optimistic community sentiment.
Whale transactions reached over 50 million USD today.
The SHIB burn rate spiked by 3,400% overnight.
Shiba Inu Price Surge: Whale Activity and Burn Rates Uplift SHIB
Shiba Inu (SHIB) experienced a price surge today, driven by increased burn rates and major whale activity, as reported by on-chain data on August 10.
This increase reflects positive market sentiment and ongoing altcoin rally dynamics, impacting SHIB and related ecosystem tokens.