Shiba Inu’s price surged more than 6% in the last 24 hours. The SHIB has recorded a price rally of 26% since the crypto crash in the first two weeks of May.
Whale accumulation, as observed from the bottom of $0.00000988, is the reason for the fast rally.
Meanwhile, the burn rate has increased to 121.56%, with 1.096 billion Shiba Inu tokens burned in the last 24 hours. SHIB’s circulating supply has reached about 553 trillion.
Shiba Inu (SHIB) price is accelerating
The SHIB price is now hovering near $0.000012. Whale transactions have increased in recent days, indicating an interest at low price levels.
SHIB is now the most traded token among the top 10 list of tokens held by the Top 500 Ethereum whales in the last 24 hours, according to data from WhaleStats.
Interestingly, ETH whale “BlueWhale0073” have been acquiring Shiba Inu (SHIB) since the price dropped below $0.00000988. The whale purchased 375 billion SHIB tokens for $4.56 million in the last 24 hours. Also on May 13, the ETH whale “BlueWhale0073” purchased 109 billion SHIB tokens for $1.40 million.
Meanwhile, Shiba Inu, the second-largest meme token, has exceeded Dogecoin in terms of Twitter followers. The number of wallets containing Shiba Inus has increased massively in the last week (SHIB). Moreover, off-exchange SHIB trades have increased in the last few days. Kucoin revealed that SHIB is one of the top ten coins by search popularity today.
Shiba Inu anticipates a favorable May
Shiba Inu (SHIB) surged 25% after being listed for trading on the Middle East-based crypto exchange Rain last week. The Rain exchange asked its Twitter followers in March about whether it should list SHIB. The community approved the listing. The SHIB listing on the Robinhood app, however, remains the most prominent listing of the year for the second-largest meme coin.
