Shiba Inu Burn Rate Surges 2,713%, Price Increases Slightly

Shiba Inu (SHIB) Burn Rate Surge

  • Shiba Inu's burn rate increased by 2,713% in the last 24 hours, removing 4,764,442 tokens, per Shibburn data.
  • Total SHIB burned in the last 7 days: 50,786,799 tokens.
  • Total SHIB burned from initial supply: 410,752,702,962,590 tokens.
  • Current circulation: 585,222,978,676,647 coins.
  • Despite the burn, SHIB price only saw a slight increase of 0.89%, trading at $0.00001000.
  • Market cap decreased by 0.87% to $5.82 billion.

Shiba Inu Ecosystem Updates

  • Layer-2 scaling solution, Shibarium, is refunding $4 million to exploit victims and restarting Ethereum bridge.
  • These developments might influence future SHIB price movements.

Snorter Bot Presale

  • Snorter Bot presale has raised $5.48 million.
  • Current presale price: $0.1083.
  • Ticker: SNORT.