ShahMeer882

According to U.Today, Shiba Inu (SHIB) has seen a significant increase in its token burn rate, while its price is gaining momentum. The tracking site Shibburn reports that over 24.2 million SHIB tokens were burned in the last 24 hours, indicating a 61.02% increase in the token burn rate. The current circulating supply of the meme coin is a staggering 582.7 trillion tokens. To ensure the scarcity of the SHIB tokens, the Shiba Inu ecosystem necessitates token burning events. A balanced circulating supply is crucial not only for the SHIB price but also for a robust ecosystem.

The Shiba Inu community has been proactive, sending millions of tokens to dead wallets. Data shows that approximately 410.7 trillion tokens have been burned or removed from the initial supply, demonstrating the community's commitment to the ecosystem. If this trend continues and the community remains steadfast, the future outlook for SHIB is expected to stay positive.

The price of Shiba Inu has seen a significant increase amid the surge in its burn rate. At the time of writing, SHIB is trading at $0.00002815, up 3.18% in the last 24 hours. Despite a 10.86% drop over the last 30 days, today's surge suggests a potential trend reversal. The meme coin may soon exit the consolidation phase. This outlook is supported by the coin's increasing trading activity. Data indicates that Shiba Inu's 24-hour trading volume has risen by 17.39% to $523.51 million.

However, Shiba Inu may continue to consolidate as the market anticipates the Bitcoin (BTC) halving event. Market participants may choose to wait until the halving event to observe its impact on the market. Therefore, the SHIB community may need to wait before witnessing major price movements.

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Fellow Binancians,
Binance Futures will close all positions and conduct an automatic settlement on USDⓈ-M DEFIUSDT and MEMEFI perpetual contracts at 2025-08-11 09:00 (UTC). The contracts will be delisted after the settlement is complete.
Please Note:
Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.Users are not allowed to open new positions for the aforementioned contracts starting from 2025-08-11 08:30 (UTC).During the final hour proceeding the scheduled settlement time of a futures contract, the Futures Insurance Fund will not be utilised to support the liquidation process in respect of that futures contract. Any such liquidation triggered during the final hour will be executed as a single Immediate or Cancel order (“IOCO”), which will be offloaded into the market in one attempt. If, following the execution of the IOCO, the assets remaining available in the user's account are sufficient to meet the required Maintenance Margin (after accounting for realized losses and any applicable Liquidation Clearance Fee), the liquidation will cease. If the IOCO fails to fully reduce the position to a level that satisfies the Margin Maintenance requirements, any unfilled portion of the position will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to actively monitor and manage open positions during the final hour, as this period may be subject to heightened volatility and reduced liquidity.In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
For More Information:
Delisting of Futures contractTrading Rules of USDⓈ-M Futures contractLeverage and Margin of USDⓈ-M Futures contractMark Price and Price Index
Thank you for your support!
Binance Team
2025-08-06