Shiba Inu (SHIB) is on fire! đž The token burn rate has skyrocketed by a whopping 863.58% in the last 24 hours, with a mind-blowing
Please follow us so that you can benefit. â€ïžFollowâ€ïž + đLike đ so that we can distribute general gifts. Thank you
#BinanceTournament #AirdropGuide #CPIAlert #ETHETFsApproved #FIT21
107,081,056 SHIB tokens removed from circulation. That brings the total number of SHIB tokens burned over the past week to 368,456,226! đ€ŻFor those who don't know, token burning is like a deflationary mechanism that reduces the total supply, making the tokens more scarce and potentially driving up their value. And with Shiba Inu's massive supply, these significant burns can have a major impact on its market dynamics! đHowever, despite this incredible burn rate, SHIB's price has remained relatively low, reflecting the broader crypto market trends. It's currently trading at $0.00002176, with a modest 0.41% increase in the past 24 hours. But, trading volume has taken a hit, plummeting 56.62% to $340.81 million. đFrom a technical perspective, SHIB looks mixed. Its Relative Strength Index (RSI) stands at 39.71, which means it's neither oversold nor overbought. The RSI is a momentum oscillator that measures the speed and change of price movements. đ