Shiba Inu (SHIB) price soars 11%, reaching $0.000007661, with a market capitalization surpassing Toncoin (TON), totaling $4.54 billion. The rally was mainly driven by over $200 billion worth of SHIB redeemed from exchanges and 173 million tokens burned, resulting in a 64% increase in 24-hour trading volume to $156.39 million. Traders have noticed some bullish signals, including a potential golden cross, while open interest has increased by 20%, indicating growing market confidence in the token's upward momentum.
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Shiba Inu (SHIB) price soars 11%, reaching $0.000007661, with a market capitalization surpassing Toncoin (TON), totaling $4.54 billion. The rally was mainly driven by over $200 billion worth of SHIB redeemed from exchanges and 173 million tokens burned, resulting in a 64% increase in 24-hour trading volume to $156.39 million. Traders have noticed some bullish signals, including a potential golden cross, while open interest has increased by 20%, indicating growing market confidence in the token's upward momentum.