Shiba Inu Breakout Programmed: Diamond Hands Are Up 783%, SHIB Burn Rate Explodes 1,784%
Main Idea
Shiba Inu (SHIB) is experiencing a bullish trend with significant increases in token burns and holder commitment, alongside a price surge following Bitcoin's rise.
Key Points
1. Shiba Inu's price reached a 30-day high of $0.00001391, following Bitcoin's surge past $122,000.
2. The average holding time of SHIB tokens increased by 783% in the past seven days, indicating stronger long-term commitment from investors.
3. SHIB's burn rate surged by 1,784% in the past week, with over 1 billion tokens removed from circulation.
4. An additional 4,705,361 SHIB tokens were burned in the last 24 hours, increasing the daily burn rate by 8.78%.
5. Despite a slight correction, SHIB remains up by 9.7% over the past seven days, trading at $0.000013 at the time of writing.
Description
Shiba Inu is beginning to show signs of a major breakout due to a rare alignment of on-chain signals and strong bullish sentiment. Over the past week, two powerful metrics, the average holding time and token burn rate, have spiked dramatically. These developments come as Shiba Inu’s price follows Bitcoin’s surge past $122,000 , lifting SHIB to a 30-day high of $0.00001391. SHIB Holders Show Commitment Shiba Inu investors are displaying stronger long-term conviction than at any other point in the...
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