Shiba Inu Burn Rate Increases 7,240% with 1.1 Billion Tokens Burned
Shiba Inu (SHIB) Update
- Burn rate increased by 7,240% in 24 hours, with 1.1 billion tokens burned.
- Total of 410 trillion SHIB tokens have been burned to date.
- 5 trillion SHIB tokens staked.
- 1 billion tokens burned to celebrate the launch of ShibTorch V2, an upgraded burn portal.
- ShibTorch has burned 361,982,586 SHIB valued at $361.98 million since August.
- ShibTorch V2 available on Shib.io; requires BONE tokens for burning.
- Developer Shytoshi Kusama confirmed the burn via social media.
Price Analysis
- Current price: $0.00001871, up 0.22% in the last 24 hours.
- Price down 8% over the past week and 78.84% from the all-time high of $0.00008845.
- MACD indicator shows bearish control but hints at potential bullish divergence.
- RSI value is 38.16, indicating bearish dominance but possible retest at $0.000020.
Source: TradingView