Shiba Inuhas seen significant growth in metrics as it continues burns to strengthen its deflationary structure. According to Shibburn data, the burn rate in the last 24 hours was recorded as 9,793,961 tokens. This means an average increase of 704%.
According to on-chain data, the address “0x195451..” made a significant contribution to the burn by sending 9,653,363 tokens to the burn wallet. At least three other wallets also contributed to Shiba Inu burns by sending smaller amounts of tokens to the burn address.
Looking at SHIB burn data, 410,644,719,355,767 tokens have been burned so far. The amount of tokens in circulation continues to be a high number of 580,026,441,139,621. These figures show that despite the impressive progress made to date, there is still a long way to go to eliminate the massive SHIB that is diluting prices.
This impressive burn rate figure, Shiba Inu price It emerged while experiencing a major recovery. Data from CoinMarketCap shows that SHIB surged 5.3% overnight, keeping its price above the critical threshold of $0.000008612.
This price level remains a particularly good support for community members, considering it is the highest SHIB has reached in a month and the highest level since August 19. A close above this price zone could reinforce confidence in the market and allow the greed already present in the market to truly emerge.
With the burn rate and buying sentiment in sync, further upside is expected for the price.