$2.5M Shiba Inu Star Bets on New Presale as Burn Rate Spikes 389%!

The Shiba Inu coin is catching attention again with an incredible 389% spike in its burn rate. Analysts are now predicting a 50% price increase for the popular Shiba Inu coin, creating excitement among holders. A whale has moved 105.9 billion SHIB tokens, worth $1.99 million, from Coinbase.

Let’s see what these moves could mean for the future of Shiba Inu and explore other factors in place.

Shiba Inu Ready for a Strong Rally

The Shiba Inu price is expected to climb following a chart pattern called the "rounding bottom." This signals a potential shift from bearish to bullish momentum, which could lead to significant price growth for the Shiba Inu crypto. 

Additionally, the MACD indicator recently gave a buy signal for Shiba Inu, confirming the upward trend. In just 24 hours, more than 6.3 million SHIB tokens were burned, increasing deflationary pressure and reducing supply.

Whale Moves and Market Sentiment

The recent movement of 105.9 billion Shiba Inu coins from Coinbase has fueled further optimism. Historically, such large-scale whale activity often comes before price surges. With analysts forecasting a 50% increase, the Shiba coin price could benefit greatly from this confidence.

Influencers like Kevin are spotting bullish chart patterns, making the case even stronger for a rally. The Shiba Inu coin news around the whale activity and burn rate is generating plenty of optimism about the future of the Shiba coin.

Shiba Inu’s Market Position

At the time of writing, the Shiba Inu coin is priced at $0.00001897, up 1.98% in the last 24 hours. Analysts expect the Shiba Inu price to keep climbing as demand increases and supply tightens. The SHIB price is rising alongside major cryptocurrencies like Bitcoin and Ethereum, which have both seen a significant uptick in recent days.

With all the bullish indicators, Shiba Inu seems poised to reach new highs. Holders are closely watching for what could be a big breakout in the coming days.

Unlocking New Potential: Minotaurus for SHIB Holders

As whale activity and burn rates boost growth for Shiba Inu, many in the community are banking on SHIB. While holders are buzzing about the potential rally, there’s another promising project catching their eye: Minotaurus (MTAUR). Social media chatter shows that it’s becoming a favorite among SHIB fans ($2.5M whales included!) looking to diversify their picks.

The MTAUR presale is in full swing, and now’s the perfect time to jump in! The current price of MTAUR is just 0.00005969 USDT — about 70% lower than the listing price of 0.00020 USDT. That’s a potential 235% boost when it hits exchanges! On top of that, early holders enjoy great perks like referral and vesting bonuses.

And don’t forget about the 100,000 USDT giveaway for presale buyers! One lucky winner will take home a grand prize of 50,000 USDT in MTAUR. So, there’s plenty to get excited about in this presale. Don’t wait too long — get your MTAUR tokens now while the presale price is still low!

Conclusion

The stars are aligning for Shiba Inu as whale activity, increased burn rates, and positive chart signals point to a potential 50% rally. With the market momentum building, the Shiba Inu price could soon see another major increase, pushing it further up the ranks of top memecoins.

Meanwhile, smart SHIB holders are always on the lookout for the next big thing, and Minotaurus (MTAUR) is shaping up to be just that. With an easy entry and juicy perks for holders, this might be the opportunity you’ve been waiting for.

Learn more about Minotaurus:

Website: http://minotaurus.io/

Announcements: https://t.me/minotaurus_official

Chat: https://t.me/minotaurus_chat

Twitter: https://twitter.com/minotaurus_io