Shiba Inu Burn Rate Surges 5,762% — Over 26M SHIB Burned in 24 Hours
Shiba Inu has recorded a massive 5,762% spike in its burn rate, with 26.24 million SHIB tokens removed from circulation in the past 24 hours. Despite a 2.10% dip in price to 0.000013 and a 24.29% drop in trading volume ($88.86M), the sharp increase in burns signals strong community engagement. Weekly burn volume is down 19.5%, indicating a potential market cooldown. Analysts speculate whether this is a consolidation phase before a breakout.
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