The SHIB Burn portal was deployed with a vision to burn the total SHIB in circulation. This burn portal aims to reduce the supply, which in turn will increase the demand and hike the price.
Also the whale, on the other hand, treats SHIB as a purely speculative asset, as he always sells Shiba tokens after obtaining them. SHIB and other small cap coins make up only 0.2 percent of this investor's portfolio at the present.
A look at Shiba Inu shows that the Average directional index has been the lowest since October 2021. And at that time was just then when SHIB started soaring like a rocket by more than 1034%.
A similar rally is less likely to occur but can definitely ascend to recover some of its last week’s losses. With the upcoming developments in talks, the SHIB Price is definitely aiming for the moon.