Shiba Inu (SHIB) Burn Rate Spikes 938.7% as Whale Transactions Signal Bullish Momentum

Shiba Inu's SHIB/USD second consecutive day of rising burn rates alongside significant whale transactions spells bullish momentum, according to traders.

Shiba Inu’s (CRYPTO: SHIB) burn rate increased 938.7% in the past 24 hours after burning 3.7 million tokens, according to Shibburn.

Around 20 hours ago, two transactions of 1.5 million and 2 million were recorded.

Shiba Inu pseudonymous lead developer Shytoshi Kusama's recent tweet sparked excitement among the SHIB Army if this is a signal of significant news on the horizon.

On the same day, he also stated that "the force is with us."

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