CandleFocus Shiba Inu (SHIB) Burn Rate Skyrockets 3,674% Amid Price Revival
2024-11-06
Author: Content Editor
Shiba Inu (SHIB) has experienced a significant increase in its burn rate, with 53,312,864 SHIB being sent to dead wallets in 24 hours, representing a 3,674% increase. This highlights the growth within the Shiba Inu ecosystem. The total incinerated tokens now stand at 410,737,117,236,496 SHIB, and the circulating supply is 583,614,657,016,182 SHIB. This burn event has contributed to a 5.01% increase in the token's price, reaching its highest monthly level. Trading volume has also surged by 198% to $1.12 billion. The altcoin momentum has been influenced by the recent Bitcoin price rally, and Shiba Inu has climbed in the rankings. With new proposals for further innovation, SHIB is expected to lead the way in the crypto market.
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