● Over the past 24 hours, #SHIB، has seen a relative stability in its price, with its current price standing at around $0.000025. The daily trading volume is around $1.15 billion, indicating moderate trading activity.
Technically, the price action of #SHIB، has shown a golden cross on the daily time frame, which may indicate the possibility of future upside.
Overall, the currency has not seen major price changes over the past day, with trading volume remaining at moderate levels.
■ As for currency burning operations:
● In the past 24 hours, about 52.3 million Shiba Inu tokens were burned, increasing the burn rate by 430%. This increase is part of the ongoing efforts to reduce the circulating supply of the token in order to boost its long-term value.
Since the coin’s launch, approximately 410.65 trillion SHIB tokens have been burned, reflecting the community and developers’ commitment to reducing the supply and stimulating price appreciation.
It is worth noting that burning operations are a strategy to reduce the circulating supply, which may lead to an increase in the value of the currency if demand for it increases.