SHIB Burn Rate Increases 158% Amid 4% Price Decline: What This Could Mean for Investors
Main Idea
SHIB's burn rate surged by 158% in 24 hours while its price dropped by 4%, highlighting a complex market dynamic.
Key Points
1. SHIB burn rate increased by 157.59% with 752,339 SHIB burned in the last 24 hours.
2. Over the past week, 13,829,470 SHIB were removed from circulation.
3. Current SHIB price is $0.00001325, reflecting a 4% decline.
4. The price drop indicates market volatility despite the significant increase in burn rate.
5. SHIB burns reduce circulating supply, which can influence price, but broader market conditions also play a role.
Description
SHIB burns have surged by 158% in the last 24 hours, but the price of Shiba Inu has fallen by 4%, highlighting a complex market dynamic. SHIB burn rate increased
$SHIB
$0.000013240
-2.35%
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