Shiba Inu price has surged amid massive 260% rise in its burn rate
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The Shiba Inu community also understands the significance of token burning events. The community has been putting its energy behind this essential aspect of the SHIB ecosystem. Notably, the Shibburn data reflects the community’s efforts as it shows that almost 410.72 trillion Shiba Inu tokens have been burned so far., where we witnessed massive liquidations, the Shiba Inu price is now generating some momentum. Data from CoinMarketCap reveals that SHIB is currently trading around the $0.
The SHIB price is currently up 7.61% in the last 24 hours, showing how the price has rebounded from recent losses. Additionally, the market capitalization of Shiba Inu has witnessed an increase of 7.70% during this time. This takes it to $15.97 billion, making SHIB the 11th largest crypto in terms of market cap.
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