Only $29 in SHIB burned in 24 hours; weekly volume up 76.73%
- —In 24 hours, 5.33 million SHIB worth $29 were burned, with the rate down 24.95%
- —Coinbase burned 35.59 million SHIB in 17 transactions
- —Robinhood burned 35.64 million SHIB in 89 transactions
- —Over the week, 139.5 million SHIB were burned, with the weekly rate up 76.73%
Why it matters: Slowing burn rates weaken SHIB's scarcity narrative, but digital commodity status under the CLARITY Act could open the path to an ETF.
Source: U.Today