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A major ETF filing triggered a surge in Shiba Inu token burns and price, signaling growing institutional interest.
A surge in Shiba Inu token burns—nearly 8 million SHIB in 24 hours—followed the first U.S. spot Shiba Inu ETF filing by T. Rowe Price, a major investment firm managing over $1.7 trillion.
The burn rate jumped 208%, coinciding with a 2.4% price rise and market cap of $5.96 billion.
The filing, which includes SHIB alongside Bitcoin, Ethereum, and Solana, has drawn significant attention, signaling growing institutional interest.
On-chain data shows strong long-term holder activity and supply reduction, while technical indicators like a falling wedge pattern and high money flow suggest potential for upward momentum.
Despite some caution due to declining open interest, the event marks a pivotal moment for SHIB’s mainstream credibility and adoption.
Una importante presentación de ETF provocó un aumento en la quema y el precio de los tokens de Shiba Inu, lo que indica un creciente interés institucional.