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Shiba Inu Price Surges as Whales Buy 530 Trillion SHIB - Breakout Imminent?

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Summary
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61% Informative

Shiba Inu (SHIB) price is teasing a breakout from a 4-year consolidation phase, fueled by whales accumulating 530 trillion tokens and an 11,000% surge in SHIB burn rate.

Whale accumulation suggests SHIB may break out from this consolidation range and target $ 0.00025 .

The meme coin entered this range in mid-2021 following a parabolic bull run stirred by a 400 trillion ShIB burn by Vitalik Buterin .

The surging burn rate and falling supply on exchanges also suggests a looming supply squeeze that may precede a bullish breakout.

VR Score

38

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24

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27

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formal

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English

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32

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short-lived

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