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Shiba Inu ($SHIB ), one of the most popular meme cryptocurrencies, has experienced a notable price surge of 0.80% in the last 24 hours and 2.10% in the past 7 days. As of now, the current price stands at $0.00001460, with a substantial 24-hour trading volume of $217,415,396.45 and a market capitalization of $8,601,238,172.
Recent Developments and Updates
The Shiba Inu community has been abuzz with excitement, thanks to several recent developments:
1. Surging Burn Rate: Shiba Inu's burn rate has witnessed an astonishing 1866% increase. This significant rise indicates a substantial reduction in the circulating supply of $SHIB

tokens, which could potentially drive up demand and, in turn, positively impact the token's price.
2. Launch of Shibarium: The Shiba Inu community is eagerly anticipating the launch of Shibarium, a dedicated Layer 2 (L2) chain surrounding the $SHIB token. This development is expected to enhance the scalability and usability of the Shiba Inu ecosystem.
Key Statistics About Shiba Inu
Here are some essential statistics about Shiba Inu:
- Market Capitalization: $8,601,238,172
- 24-hour Trading Volume: $217,415,396.45
- Circulating Supply: 590 Trillion SHIB
- All-Time High: $0.00008616 (reached on October 28, 2021)
- All-Time Low: $0.000000000056 (reached on November 28, 2020)
Stay Up-to-Date with the Latest Shiba Inu News
For the most recent news and updates on Shiba Inu, it's essential to follow reputable sources like:
- CoinGecko
- Benzinga
By staying informed, you can make more informed decisions about your SHIB investments and stay ahead of the curve in the ever-evolving world of cryptocurrency.