🚨 Shiba Inu ($SHIB ) Burn Rate Skyrockets 1,068% – Over 51 Million Tokens Torched! 🚨
Shiba Inu has taken the spotlight with a massive burn rate surge, signaling a bold move toward reducing its circulating supply. This latest development has investors buzzing, with hopes of a potential bullish breakout on the horizon.
🔥 The Burn That’s Turning Heads
In the past 24 hours, 51,763,782 $SHIB tokens have been sent to dead wallets, permanently removed from circulation. This marks a 1,068% surge in burn rate, one of the largest single-day reductions in weeks!
Meanwhile, the 7-day burn total stands at a whopping 2.44 billion SHIB tokens, reflecting a 10.57% increase in weekly burn activity. The total supply now sits at 589.2 trillion SHIB tokens, with every burn tightening the supply-demand dynamics.
📊 SHIB Hourly Market Snapshot
Price: $0.00002657 (1hr ▲ 0.33% | 24hr ▼ -15.22%)
Market Cap: $15.67B (-15.09%)
Trading Volume: +109% in 24hrs – signaling renewed investor interest!
---
🌟 Shibarium Driving Ecosystem Growth
The Shiba Inu team isn’t slowing down! With major upgrades to its Shibarium Layer-2 solution, including new contracts for automated SHIB burns, the ecosystem is gaining steam:
TVL Growth: +851%, rising from $1.23M.
Enhanced On-Chain Performance: A sign of robust blockchain activity.
🚀 Price Potential Amid Bullish Sentiment
Despite the 12% drop in the past 24 hours, SHIB has surged 12% over the past week, showcasing its market resilience. Coupled with the law of supply and demand, these burns could pave the way for a bullish breakout.
---
💡 Is SHIB Ready to Soar?
With a renewed focus on reducing supply, upgrades to Shibarium, and heightened trading volume, Shiba Inu is gearing up for its next big move. The question is: Are you ready to ride the wave?