A total of 10,684,707 SHIB tokens were burned in the last 24 hours, representing a 439.79% surge in the daily burn rate compared to the previous day. Over the past seven days, 173.37 million SHIB were destroyed, while more than 3.36 billion have been burned in the last 30 days, with the burn rate skyrocketing 2,811.38% over that timeframe. In total, 410,843,703,896,181 SHIB have been burned across 21,502 transactions since the mechanism was introduced. SHIB price declined 1.26% in 24 hours and 7.38% on a weekly basis. Additionally, Tether’s USDT market capitalization dropped nearly $4 billion over 60 days, reaching historically extreme levels that could signal an exhaustion of selling pressure in the crypto market.
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