DOOKV Crypto Whales Bet Big On Shiba Inu, Do They Know Something You Don't?

Following the memecoin market's recent plunge, cryptos like Shiba Inu (SHIB) continue to strive toward recovery. Its recent performance has resulted in new buying pressure for the token as top whales in the metaverse bet big on it. Meanwhile, ETFSwap (ETFS) prepares to enter the history books with its presale as it continues to set records.

Crypto Whales Rally Round Shiba Inu (SHIB) As It Shakes The Market With Price Rebound

As the memecoin market gears toward recovery, Shiba Inu (SHIB) excites investors with a surprising price correction. This cryptocurrency experienced a significant surge in its trading value and burn rate. About a week ago, Shiba Inu recorded an astounding burn rate of 781%, which triggered a notable price increase.

The price of Shiba Inu rose by nearly 20%, signaling a massive upward trend for crypto whales. At the time of writing, Shiba Inu has maintained a steady rise, yielding over 5% gains for investors in 24 hours. This remarkable price recovery has invigorated its community and also attracted crypto whales from other projects to it.

According to Shibburn's X post, over 18 million SHIB tokens were burned between 6th and 7th July 2024. Today, Shiba Inu trades at $0.0000165, an impressive surge from its recent lows. As general market conditions stabilize, fueling investors’ hopes, analysts predict a massive increase in trading activity for Shiba Inu.