In the last 24 hours, the burning rate of Shiba Inu has increased by 1500%
The popular meme coin Shiba Inu (SHIB) has once again attracted the attention of cryptocurrency market participants due to a sharp increase in the asset's burning rate.
According to data from the Shibburn tracker, approximately 33.01 million SHIB tokens have been permanently removed from circulation in the past 24 hours. This is 1550% more than usual. Such a reduction suggests a potential increase in the price of the Shiba Inu meme coin, which typically occurs as supply decreases.
The asset has risen by 0.40% in the last 24 hours. Trading volume has also increased by 5.96%, reaching $479.25 million, indicating high interest in the meme coin from market participants.