Key Notes

SHIB supply was crushed today after its burn rate spiked by 2,713%.

With the latest incineration of 4,764,442 tokens, the total SHIB burn for the initial supply is 410,752,702,962,590.

SHIB price increased by only 0.89% amid a stalled push to monthly high.

Shiba Inu SHIB $0.000010 24h volatility: 1.2% Market cap: $5.94 B Vol. 24h: $172.94 M has seen its burn rate spike by 2,713% in the last 24 hours, per data from Shibburn, the dedicated burn tracker for the protocol.

This burn marks further supply shock for the dog-themed meme coin. It is expected to trigger a significant price burst, but SHIB has only recorded a 0.89% rally in 24 hours.

SHIB Price Reacts Slightly to Burn Rate Spike

According to Shibburn, Shiba Inu’s burn rate went up by 2,

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