#SHIB

Trade Shiba now . . strong bullish trend❤❤❤❤❤$SHIB

𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝘽𝙪𝙧𝙣 𝙍𝙖𝙩𝙚 𝙎𝙠𝙮𝙧𝙤𝙘𝙠𝙚𝙩𝙨 5,809% 𝘼𝙨 𝙎𝙃𝙄𝘽 𝙏𝙪𝙧𝙣𝙨 5

On its fifth anniversary, Shiba Inu experienced a huge surge in token burn activity and a decline in token price. The celebration follows a renewed interest in supply reduction and long-term holder growth.

Shibburn figures reflect that the burn rate for Shiba Inu skyrocketed by 5,809% within the past 24 hours. More than 4.1 million SHIB were burnt within this period.

Despite the burn trends, the price of SHIB declined by 5.85% to $0.00001208. The token’s market cap now stands at roughly $7.1 billion, with a 24-hour trading volume of $305.91 million.

Shiba Inu is not the only crypto experiencing a price drop. The broader crypto market also crashed following the escalation of trade war between the U.S., Canada and other nations. The Donald Trump administration announced new tariffs on more than 60 countries, ranging from 10% to 50%.

This burn surge means that a total of 628 million SHIB tokens has been burned in the last seven days. This is an improvement of 365.09% in the burn rate within the last week.

Shiba Inu’s total supply in circulation is 589.27 trillion. The increased activity in burns indicates the strong involvement of those within the community although the sentiments in the broader market indicates caution

According to @Shibizens on X, Shiba Inu price has also gained over 21,600,000% since launch and reached a peak market cap of $41 billion. SHIB now has 1.51 million holders and has been listed on more than 115 exchanges globally, increasing its accessibility.