SHIB Reclaims $0.000006 as Burn Rate Spikes 585% in 24 Hours
- —SHIB gained 3.18% in 24 hours to $0.00000603 and 7.54% on the week
- —Burn rate climbed 585.54%, with about 15 million SHIB worth $89 burned
- —Cumulative burns total 410.84 trillion SHIB, or 41% of the original supply
- —Resistance at $0.00000620, support at $0.00000550, four-hour RSI at 57
Why it matters: Burning 15 million tokens is negligible against 585 trillion in circulation, so the rally reflects renewed meme-coin interest rather than real supply pressure.
Source: CoinGape