#EyesOnBTC Shiba Inu has been consolidating around the $0.000024 mark over the last few days after a retracement from the $0.000029 level where selling pressure intensified. Over the last month, Shiba Inu has experienced 31% gains, placing it at the 11th place on the crypto totem pole with $14.69 billion in market capitalization.
Shiba Inu bulls are taking advantage of this dip and adding to their positions, as reflected by the 15% surge in 24-trading volume, with over $1.3 billion worth of $SHIB
traded on exchanges. Shiba Inu’s burn mechanism is also firing on all cylinders, reaching a 6,223% increase in SHIB removed from circulation, or roughly 290,000 tokens in a single day.