SHIB Token Surges 6.73% Amid Whale Accumulation, Rakuten Integration, and Record Withdrawals

Shiba Inu (SHIBUSDT) has seen a 6.73% price increase over the past 24 hours, with the current price at $0.00000634, driven by a combination of large-scale token withdrawals from exchanges (82.5 billion SHIB), increased whale accumulation (30% rise in holdings), heightened trading volume, and recent integration with Rakuten Wallet in Japan enabling SHIB-JPY transactions. Additional factors contributing to the price change include rising daily SHIB token burn rates and increased activity on the Shibarium network, which have strengthened supply-side dynamics. Market data shows elevated trading activity with a 24-hour volume reaching $160.35 million, reflecting increased engagement and speculative sentiment, while the market cap stands at $3.6 billion and circulating supply at 589.24 trillion SHIB.