$SHIB
🚨 SHIB Price Slides Despite Burn Momentum 🚨
While the burn rate has made headlines positively, SHIB’s price has not strictly followed the pattern. CoinMarketCap data shows that SHIB was trading at $0.00001425, down by about 5.87% in the last 24 hours.
The price outlook showed that its market cap dipped slightly to $8.38 billion. This happened despite a daily trading volume of $210.74 million, which shows that interest in the token remains strong.
Still, the fundamentals remain notable. The maximum supply of SHIB is nearing one quadrillion. Likewise, over 4.79 trillion SHIB tokens are staked as xSHIB. This shows the network has strong community participation. What remains uncertain is whether this latest burn activity will be enough to push the price into a breakout.
It is important to note that the Shiba Inu community continues to push for higher burns and broader adoption. Many are watching to see if this momentum will lead to a sustained price rebound in the long term
Coinspeaker noted recently that the price of Shiba Inu rose by 9%. This increase happened as the Shibarium DappStore went live. The new platform provides users with an easy way to access verified decentralized applications per the update.