Shiba Inu Burn Rate Drops 99.44% in 24 Hours

Shiba Inu's price has seen a 15% recovery from a low of $0.00001102 on March 11, reaching $0.00001285. This increase follows a significant drop in the Shiba Inu burn rate, which fell by 99.44% in the past 24 hours.

Key Points

Price reached a low of $0.00001237 before recovering.
Burn rate dropped from over 500 million SHIB to 2,811,819 SHIB tokens.
Current trading price is $0.00001285, up about 3% in 24 hours.
Declining burn rate may threaten price recovery and investor confidence.
A resurgence in the burn rate is necessary for sustained gains.

Continued decline in the burn rate could lead to a retracement toward the recent low. Investors should monitor these trends closely.