Shiba Inu’s daily burn rate surged by 1,020% over the past 24 hours, destroying 20.95 million SHIB tokens sent to unusable wallets. Over the past seven days, 85.48 million SHIB were incinerated, bringing the total burned to over 410 trillion tokens since the project’s launch. SHIB price rose 0.81% in 24 hours but remains down 6.85% for the week, trading around $0.000005 with key resistance at the 200-day moving average of $0.00000538. Shiba Inu is nonetheless up 9.77% since the start of August.
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