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Shiba Inu (SHIB) continues to have a minimal burn rate as the overall health of the network is examined. At the time of writing, data from Shipburn He appears The burn rate is also negative, specifically decreasing by 88.65% within 24 hours. With less than 1 million SHIB sent to dead wallets, at this rate, this represents the lowest level the burn rate has dropped in weeks.
Burn SHIB, down to bounce
According to Shibburn data, 606,465 SHIB were specifically moved to dead wallets, taking them out of circulation. Only one wallet, “0x56f…80b5,” appeared in the burn, and it was logged about 12 hours after the time of writing.
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This burn rate has now brought the total Shiba Inu burn to date to 410,742,905,471,145 SHIB. The tokens in circulation are pegged at 584,163,863,061,304 SHIB, showing the extent to which the memecoin protocol needs to reduce supply.
after Nose 5,441,220 gray hair on December 29 With a growth rate of 972%, falling to a new multi-week low isn't exactly a bad sign for the Shiba Inu. From here, the token can be restarted to print a huge burn number that may be reflected in its price.
As the year comes to an end, the Shiba Inu's deflationary measure represents one of the key health tests for the protocol's growth.
Check Price Shiba Inu
The relationship between Shiba Inu Burn rate The price rose again as the token fell 2.66% in 24 hours to $0.00002172. The Shiba Inu has faced a decline of as much as 19.65% over the past month, underscoring the broader pressure on the market.
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However, there is Signs the token may chart a rebound With less than 48 hours until the end of the year. Any incoming rebound could see SHIB regain the $0.000025 price level in the near term.
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