Analytics

Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction

12.08.2024

Shiba Inu price dropped 4% to $0.00001342 on Sunday, coinciding with Bitcoin falling below the $60,000 support level. This renewed selling pressure led to declines across major altcoins, impacting the meme cryptocurrency sector due to its inherent volatility and speculative trading nature. The sell-off caused SHIB to reverse from multi-month resistance, signaling a potential risk of a more significant correction ahead.

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12.08.2024
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