Shiba Inu Burn Rate Increases by 157,726% with Price Rally
Shiba Inu's burn rate has surged by 157,726%, burning 2,481,036 SHIB in 24 hours. This increase is linked to a slight price rally despite a broader market selloff.
Key Details on SHIB Burn and Price Movement
- SHIB circulating supply reduced significantly due to the burn.
- Total supply now stands at 589,247,732,073,096 SHIB.
- Current price: $0.00001238, reflecting a 1.5% increase over 24 hours.
- Market cap increased to $7.26 billion.
- 24-hour trading volume rose by 14.61% to $248.56 billion.
- Burn rate indicates potential for sustained price rally based on supply-demand dynamics.
The reduction in supply may alleviate selling pressure, possibly supporting further price increases in the coming weeks.