Posted 4/2/2024, 5:59:14 PM
Shiba Inu Burn Rate Skyrockets 2300% in One Day, But Trader Urges Patience on SHIB Price Surge
- Shiba Inu token has seen a 2,300% increase in its burn rate over the past day
- Trader Altcoin Sherpa sees some pros for SHIB like liquidity and developments, but doesn't expect a 20x return
- Sherpa says SHIB chart still shows high frequency trading, advises patience
- SHIB's burn rate rose after one wallet burned 105.5 million tokens
- SHIB price is down 10% in 24 hrs but still up 19% monthly and 136% yearly
