SHIB Drops 4.8% Below Support as Burn Rate Stalls
- —SHIB trades at $0.000005638, down 4.8% on the day and 6.8% on the week
- —Just 338,051 SHIB burned in 24 hours — roughly $2 against a $3.3 billion market cap
- —Shibarium TVL sits at $57,178, down from a peak above $6 million in 2025
- —Network fees over 24 hours totaled $0.14, with DEX volume at $0.58
Why it matters: Negligible burns and near-zero Shibarium activity strip SHIB of its old growth drivers, leaving price hostage to technical levels.
Source: Live Bitcoin News