Shiba Inu’s price surged 35% in the past 24 hours, climbing from below $0.0000042 to $0.0000058, marking its highest level in just over two months. The token’s market capitalization has reached over $3.3 billion, pushing it back into the top 30 cryptocurrencies by market cap. A whale resumed accumulating after more than six months of inactivity, purchasing over 30 billion tokens for approximately $125,000. Additionally, SHIB’s burn mechanism saw a dramatic 3,200% increase in daily burns and 500% weekly, significantly reducing the number of tokens in circulation.
Source: Read the original article
