Shiba Inu Burn Rate Collapses Over 91% in a Day
- —338,050 SHIB burned in 24 hours, down 91.31% from 3.89 million
- —Total burned supply stands at 410.84 trillion SHIB, or 41.08% of supply
- —SHIB fell 4.69% to $0.000005673, up 11.13% over 30 days
- —24-hour trading volume rose 10.78% to $86.7 million
Why it matters: Slower burning weakens the token's deflationary narrative, though rising volume suggests traders remain engaged with SHIB.
Source: Finbold