Shiba Inu (SHIB) Price Surges 4.5% Amid Record 1,222% Burn Rate Increase

Shiba Inu (SHIB) price rises 4.54% to $0.00000622, driven by a sharp burn rate surge of 1,222% to 53.37 million SHIB in 24 hours. Open interest increases 4.14% to $60.52M, and volume surges 87.36% to $136.27M. Shorts absorb $50.12K in 24-hour liquidations. The 30-minute chart shows a completed cup formation pointing to the $0.00000640 resistance zone.