#CryptoFees101 Shiba Inu Burn Rate Explodes by Over 5,700% — 26M SHIB Torched in a Day
In a dramatic development, the Shiba Inu burn rate skyrocketed by 5,762% in the past 24 hours, with over 26.24 million SHIB tokens permanently removed from circulation. While SHIB’s price slipped by 2.10% to $0.00001236 and trading volume fell 24.29% to $88.86 million, the surge in token burns highlights continued support and action from the community. However, weekly burn totals are down 19.5%, hinting at a possible cooling period. Some analysts suggest this could be a consolidation phase ahead of a potential breakout.
