Reported 2 days ago
The Shiba Inu memecoin has experienced a staggering 157,726% increase in its burn rate, resulting in the elimination of 2,481,036 SHIB tokens within 24 hours. This significant reduction in supply has led to a slight price rally, with SHIB now trading at $0.00001238 and a market cap of $7.26 billion. Analysts suggest that the decline in circulating supply may decrease selling pressure, potentially supporting further price increases in the upcoming weeks.
Source: YAHOO