Shiba Inu Burn Rate Skyrockets 5,094% Amid $SHIB  Explosive Week

According to a recent Shibburn hourly update, 2,019,681,290 SHIB have been burned in the last seven days, representing a 5,094.07% increase in the weekly burn rate. The increase in the weekly SHIB burn rate coincides with a strong upward trend in SHIB’s price over the past week.

Shiba Inu volume, circulation and whale transactions reached 10-week highs, coinciding with a rise in SHIB prices and social dominance. Shiba Inu is currently experiencing profit-taking, down 2.16% in the last 24 hours to $0.00001948. The daily burn rate is likewise down 98.03% with only 2,050,516 SHIB burned within the last 24 hours.