As reported by Bijiie, Shiba Inu (SHIB) saw a significant increase in token burns, with 46,235,753 SHIB tokens destroyed in the past week, marking a 1,983.45% rise in weekly burn rate. The total SHIB supply has now dropped to 589,246,045,731,990 tokens, down from the initial 1 quadrillion. Despite the reduction, the daily burn rate remains at 0% as 11,052,930 tokens were burned in the last 24 hours. Market observers are now watching whether SHIB can hold the $0.000007 support level.
Shiba Inu Token Burns Rise 1,983% Weekly, Supply Drops to 589 Trillion
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Summary
Shiba Inu (SHIB) saw a 1,983.45% rise in weekly burn rate in the latest weekly market report, with 46,235,753 tokens destroyed. The total supply now stands at 589,246,045,731,990, down from 1 quadrillion. Daily burns remain at 0% as 11,052,930 SHIB were burned in the last 24 hours. Traders are watching if SHIB can hold the $0.000007 support level, with altcoins to watch including SHIB amid ongoing market trends.
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