135,130,906 SHIB Gone: Shiba Inu Burn Rate Skyrockets 2753%
Main Idea
The Shiba Inu (SHIB) token burn rate has surged by 2,753% in the last 24 hours, with 135,130,906 SHIB tokens destroyed over the past week, highlighting a significant deflationary mechanism aimed at reducing SHIB's total supply.
Key Points
1. The Shiba Inu burn rate increased by 2,753% in the last 24 hours, with 6,442,486 SHIB tokens burned.
2. Over the past week, 135,130,906 SHIB tokens have been destroyed, emphasizing the deflationary mechanism to reduce supply.
3. Shiba Inu's price is currently $0.00001367, showing a mild 0.13% recovery in the last 24 hours.
4. Significant resistance was noted at the $0.00001598 level on July 21, with the price reversing lower and failing to recapture the $0.00001434 resistance threshold.
5. The daily RSI at 50 suggests potential consolidation before SHIB resumes its next major move.
Description
135,130,906 tokens slashed from Shiba Inu supply
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