Shiba Inu (SHIB) has experienced a significant increase in trading volume, with over 10 trillion tokens flowing onto Binance, the world's largest cryptocurrency exchange, within the past 24 hours. This surge could indicate various factors, from traders preparing to sell to a desire to stake their tokens. The SHIB price has rebounded by 6.83% in the last 24 hours, attempting to reach the $0.000018 level. Analysts suggest that bullish market sentiment could propel SHIB to higher levels. Meanwhile, the community has actively burned 31,010,900 SHIB in the past seven days, with over a billion tokens sent to dead wallets. Shiba Inu's lead figure, Shytoshi Kusama, has promised groundbreaking news that is expected to impact the price of SHIB.
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Analysts maintain that if supported by bullish sentiment on the market, SHIB could achieve its rebound journey to higher levels.
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