Shiba Inu's burn rate spiked by 81%, but only 4.64 million SHIB tokens were burned, totaling $105. However, the prior day saw just 1.9 million tokens burned. This decline indicates subdued investor participation, likely due to SHIB's recent price struggles. The price dropped 15% in a week to $0.000023, down 50% from its March peak. Despite this, daily trading volume increased by 12% to $645 million, hinting at renewed interest. SHIB's current price is $0.0000228, with a market cap over $13.5 billion, making it the 11th-largest cryptocurrency.

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