CandleFocus Shiba Inu Burn Rate Jumps 506% as SHIB Price Finds Balance
2025-01-21
Author: Content Editor
The price of Shiba Inu (SHIB) is decreasing and bears are pushing the token towards its important support level. However, the burn rate of SHIB has increased by 506% in the past 24 hours, which is seen as a positive sign for the ecosystem. The total number of SHIB tokens burnt so far is 410,743,143,534,435, reducing the total supply. The price of SHIB has decreased by 7.16% to $0.00001991, and losing the $0.00002 support level is a concern. Despite this, SHIB whales may enter the market to help boost the price, and the lead developer is keeping the community engaged.
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