Shiba Inu Burn Rate Surges 3,464% Amid Community Activity, Potential Price Movement Observed
Main Idea
The Shiba Inu burn rate surged by 3,464%, with 9,614,765 SHIB tokens burned in 24 hours, reflecting strong community engagement and contributing to a 4% price increase.
Key Points
1. The Shiba Inu burn rate increased by 3,464%, with 9,614,765 SHIB tokens burned in the last 24 hours.
2. Over the past week, a total of 23,317,751 SHIB tokens were destroyed.
3. Following the burn surge, Shiba Inu’s price increased by 4%, reaching $0.00001258.
4. Shiba Inu faces resistance at the daily SMA 50 ($0.00001267) and SMA 200 ($0.00001375).
5. Community members can participate in SHIB burns by sending tokens to designated burn wallets.
Description
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