Dog-themed cryptocurrency Shiba Inu saw significantly low burns in the last 24 hours, raising eyebrows on the market. According to data from Shibburn, only 964,247 SHIB tokens were burned in the last 24 hours, a 95% drop in the daily burn rate.
HOURLY SHIB UPDATE$SHIB Price: $0.00001235 (1hr 1.58% ▲ | 24hr -0.80% ▼ )
Market Cap: $7,283,773,312 (-0.65% ▼)
Total Supply: 589,252,222,601,242
TOKENS BURNT
Past 24Hrs: 964,247 (-95.08% ▼)
Past 7 Days: 78,157,631 (-58.93% ▼)
For a token that has seen millions or even billions of SHIB burned daily, this significant drop marks a slowdown in community-led burn activity. The sub-one million figure represents one of the lowest 24-hour totals recorded in recent memory.
HOT Stories Breaking: Strategy Announces Massive Bitcoin Purchase Billionaire Ray Dalio Issues Ominous Warning as Bitcoin Reclaims $85K Ripple Supporter Kitao Nears Fuji Board Seat Shiba Inu (SHIB) Can Still Add Zero, XRP Above $2: But It's Not Enough, Bitcoin (BTC) Death Cross Cancelled?
While there is no specific explanation yet, various factors could be contributing to the drop, including broader market cooling. It is also possible that holders might be opting to HODL rather than burn, waiting for a price surge amid the ongoing rebound attempt.
Related
Fri, 03/21/2025 - 13:55 Shiba Inu Burn Rate Skyrockets 495% as 14,052,230 SHIB Get Removed
Tomiwabold Olajide
However, a single day of low burn activity may not be a long-term concern, as the smallest of burns still contribute to the bigger picture over time, especially when combined with other initiatives across the Shiba Inu ecosystem.
SHIB's price awaits major breakout
At press time, SHIB was up 0.81% in the last 24 hours to $0.00001236 and up nearly 14% weekly.
Shiba Inu (SHIB) is on breakout watch as the broader crypto market returns to green, sparking expectations of a bullish surge in altcoins.
Related
Sun, 04/13/2025 - 11:14 Shiba Inu (SHIB) Trillionaires Melting Away
Arman Shirinyan
The recent uptick in the SHIB price has brought it closer to a much-watched resistance level, with bulls attempting to push the price above the daily SMA 50 at $0.00001279. A strong close above this level, paired with increasing volume, could signal a breakout toward the next targets at $0.0000156 and the daily SMA 200 at $0.000019, where bulls are expected to mount resistance.
Meanwhile, cautious sentiment remains on the market; support is envisaged in the $0.00001 range if bearish pressure returns.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
