The Shiba Inu (SHIB) burn rate has continued to decline, with data from Shibburn showing a significant drop of 88.65% over the past 24 hours. Only 606,465 SHIB were sent to dead wallets during this period, marking the lowest burn rate in weeks.
While a low burn rate might seem concerning, it could potentially set the stage for a rebound. A significant burn figure in the coming days could positively impact Shiba Inu’s price, which is currently down 2.66% in the last 24 hours and 19.65% in the past month.
The total number of SHIB burned to date stands at 410,742,905,471,145, leaving a circulating supply of 584,163,863,061,304 SHIB.
December 2024, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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