Shiba Inu Price Surges 37% Amid Retail Interest and Whale Activity

Shiba Inu's price surged 37% in two days due to increased retail interest and whale activity.

However, the strongest buying came after the main price gains, indicating profit-taking by larger holders.

Futures traders reduced leverage, and exchange reserves dropped, signaling cautious speculation and tighter supply.

Despite a recent pullback from resistance, technical indicators suggest that the overall bullish trend remains intact.

The Shiba Inu burn rate skyrocketed 9,241% with 2.8 billion tokens destroyed in one day.