This past week the Shiba Inu (SHIB) community managed to dispose of over 100 million tokens, and the weekly burn rate came to a minus 43.33%. 5,947,922 SHIB were removed from circulation in the last 24 hours alone, resulting in a burn rate decrease of 34.89%. On the other hand, the SHIB price jumped up 7.79% within the same period, and the Layer-2 solution Shibarium recorded its second highest peak in daily transactions of over 4 million, as well as 43,690 daily transfers. These statistics indicate a corresponding increase in both SHIB price and activity within the Shiba Inu community.
Ashley Carter
- 2023-11-26
Shiba Inu Community - Burn Rate Decreased, Price Increased
![CandleFocus ShibaInu-SHIB-BurnRate-Price-Layer-2-Shibarium](https://images.candlefocus.com/Shiba-Inu-Community-Burn-Rate-Decreased-Price-Increased.jpg)