Shiba Inu Burn Rate Jumps 17,134% in 24 Hours as SHIB Slips 2.3%
- —2,976,589 SHIB burned in 24 hours; largest transfer of 2.62 million came from a Coinbase-labeled address
- —Weekly burns reached 102.77 million SHIB, 30-day total at 421.87 million tokens
- —Cumulative burns hit 410.84 trillion SHIB, or 41.08% of the original supply
- —Trading volume at $72.75 million; RSI at 49 and MACD below its signal line
Why it matters: Holding $0.00000550 could set up a move back to $0.000006, while a break below exposes $0.000005.
Source: CoinGape