Just $7 in SHIB Burned? Shiba Inu Burn Rate Makes Unexpected Reversal
According to Shibburn, just $7 worth of SHIB was burned in the last 24 hours. 1.38 million SHIB were burned in the past day, fewer than that seen the day before last. This led to the daily burn rate dropping 87.63%. The slowdown also triggered a reversal in Shiba Inus daily burn rate, as the day before last saw the burn rate rise as much as 706%. 17,464,058 SHIB were burned the day before last, which saw a 706% surge in the timeframe. Shiba Inus token burn rate, however, took an unexpected turn, with the latest data from Shibburn showing that only about $7 worth of SHIB was removed from circulation over the past 24 hours. Shiba Inu burns remain ongoing, with fresh transactions adding to those burned earlier. Shiba Inu (SHIB), Near Protocol (NEAR), Solana (SOL) and Cardano (ADA) Price Analysis for August 6: Will Liquidity Surge This Week? Dogecoin (DOGE), XRP, Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis For August 5: Markets Attempt to Regain Relevancy You Might Also Like In the last seven days, 315.80 million SHIB were burned, with the weekly burn rate down 69.94%. A contrast is seen on the monthly timeframe. In the last 30 days, the Shiba Inu burn