DeFi Intel

SHIB burns soar 350% as whales accumulate: Is a breakout next?

Shiba Inu's burn rate surged 350.29% in 24 hours, removing 12.47 million SHIB from circulation, with a weekly total of 44.23 million SHIB. Spot netflow was negative at $175,050, indicating tokens left exchanges, while whale orders increased. The price defended $0.00000409 support, with resistance at $0.00000450 and $0.00000500.

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