Shiba Inu burned 1,428,446 SHIB tokens in two transactions, representing a 42,886% increase in the 24-hour burn rate. The seven-day total reached 29,121,654 tokens, down 78.83% from the previous week, while cumulative burns stood at approximately 410.85 trillion SHIB. However, net exchange inflows of $237,960 and seller-dominated cumulative aggressive trading volume show persistent selling pressure. The open-interest-weighted funding rate fell to 0.0036%, although the RSI at 41.39 and the Money Flow Index at 35.78 indicate a recovery attempt. Holding the $0.00000483 support level could pave the way for $0.00000550, while a breakdown would increase downside risks.
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