Key support at $0.0000125

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
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