Key Notes

Shibburn, the dedicated burn tracker for the Shiba Inu ecosystem, shows that the burn rate has spiked by 3,464%.

The destruction of 9,614,765 SHIB within 24 hours leaves the market with 584,612,601,558,519 SHIB in circulating supply.

In the middle of this, SHIB price responded with a 1.91% rally.

The Shiba Inu SHIB $0.000012 24h volatility: 1.6% Market cap: $7.29 B Vol. 24h: $136.34 M burn rate has spiked by 3,464%, per data from Shibburn, the dedicated burn tracker for the ecosystem. Coincidentally, SHIB price has staged a mild recovery, hinting at the possibility of losing one zero in the long term. In addition, its market capitalization has shot up to reach $7.3 billion.

No Commensurate Price Gain to SHIB Burn Rate

Shibburn data shows

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