The meme cryptocurrency SHIB has experienced a significant decline in its burn rate, with a decrease of 73.43% in the past 24 hours. This decline is reflected in the SHIB market, as the price of the cryptocurrency has dropped by nearly 6%. Despite this, an anonymous whale recently burned a large number of SHIB coins, increasing the burn rate to 403.41%. The decline in SHIB mirrors that of Bitcoin, which has fallen from $98,000 to $95,460. On a positive note, a new SHIB whale emerged and acquired a large amount of SHIB and AVAX coins on the Binance exchange. The whale took advantage of the market's price declines and bought the dips.



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