Shiba Burns Trillions
• SHIB is trading at $0.00001234 with a market capitalization of $7.36B
• The trading volume in 24h reaches $190.96M, showing moderate activity
• Recent price action has remained in the range of $0.0000125-$0.0000133
• Token burns are increasing: a 388% increase on August 16 (102M tokens burned) and a massive spike of 48,244% on August 13
• Accelerated token burns aim to reduce the circulating supply and potentially increase its value
• It was reported that 3 trillion SHIB tokens were moved on institutional platforms, suggesting activity from large holders
• Despite significant burns, the price remains relatively stagnant, indicating that the market requires other catalysts
• Community burn initiatives continue as a long-term value strategy
