Shiba Inu Burn Rate Increases 3,464% with SHIB Market Cap at $7.3 Billion
The burn rate of SHIB has increased by 3,464%, resulting in the destruction of 9,614,765 tokens within 24 hours. This brings the total burnt to 410,752,089,360,220 SHIB from an initial supply, leaving 584,612,601,558,519 SHIB in circulation. The current market capitalization stands at $7.3 billion.
No Commensurate Price Gain to SHIB Burn Rate
- SHIB price is currently $0.00001239, reflecting a 1.91% increase over the last 24 hours.
- Despite the burn rate surge, there has been no significant price gain.
- Trading volume is down by 31.07%, at $141.01 million, indicating low trader engagement.
- Over the past week, SHIB is down 5.11%, but up 5.3% over the last 30 days.
Recent data shows a drop in daily burn activity, with only 23,317,751 SHIB incinerated over the past week compared to previous spikes.