- ETH Whales Love Shiba Inu
- Shiba Inu Burn Rate Spikes
The Shiba Inu burn rate has managed to propel price and reduce the meme coin’s supply. However, with the crypto market in turmoil, there’s only so much momentum SHIB can carry.
Shiba Inu price is down over 90% from its all-time high made in Oct. 2021. With the larger crypto market continuing its slide downwards, SHIB was no exception as price replicated the market fall.
The global crypto market cap was down below the $800 billion mark oscillating at $781.20 billion at press time. Most of the cryptocurrencies traded in red, Bitcoin, Ethereum, and top altcoins lost their key support levels.