$SHIB #ShibaInuCommunity

Shiba Inu whale action and community efforts

Chip Eno, another major player in the cryptocurrency market, has seen significant activity from investors and the community. On-chain data from Whale Alert revealed a massive movement of 4.25 trillion tokens between wallets, indicating strong investor interest.

In addition, the Shiba Inu community has actively participated in token burning, with the burn rate recently increasing by 17.6%, contributing to a total burn of 410.7 trillion tokens. Despite these efforts, the coin's price has fallen by more than 12% in the past two weeks, with a 27.5% increase over the past 30 days.

Regardless of the recent price fluctuations, technical analyst Kallio advised paying attention to the Shiba Inu. Given the recent breakout of Ethereum price above $2,300, the analyst expects Sheba to follow suit..$SHIB $ETH