The Shiba Inu burn rate has increased over 1000% in the past 24 hours, burning a total of 15,487,160 $SHIB tokens. The turnover has seen an increase of around 80% in the same period of time. After a few weeks, SHIB's price surge has pushed a large number of tokens to reach their break-even point.
According to Shibburn, the burning website tracking token, the SHIB token burning rate has skyrocketed by an impressive 1027.94% in just 24 hours. This surge in burn rate highlights the growing interest and demand for SHIB in the market.
Furthermore, the trading volume for SHIB has jumped around 80% indicating a significant increase in investor activity and trading interest. Shiba Inu (SHIB) has reached a market capitalization of $4.2 billion with an increase of 0.70%, while a trading volume of $202,163,917 indicates robust activity in the market.
SHIB price is currently at $0.00000719, having experienced a small decrease of 1.76% over the past 24 hours. Additionally, over the past week, SHIB has risen by an impressive 8.80%, further contributing to the recent bullish momentum.
BONE Shiba Inu has also shown an upward trend over the past week, with a gain of 5.70% in 7 days. Its turnover totaled $4,690,825, up around 20%.
SHIB broke through an important resistance level at $0.000007 yesterday, producing an incredible 4.6% gain in just 30 minutes. The latest market data analyzed by IntoTheBlock highlights remarkable developments; over one trillion SHIB tokens have regained their initial value as a direct result of recent price action.
On October 28, 2021, SHIB reached an all-time high price of $0.00008616. However, since then, the price has experienced a sharp decline, falling by 91.64%.
