Shiba Inu's Burn Rate Fires 1734% But Traders Are Still Betting Against The Memecoin—What You Need To Know

More than 19 million Shiba Inu (CRYPTO: SHIB SHIB - $0.000012281676072 tokens were kicked out of circulation Monday, applying additional deflationary pressure on the popular dog-themed meme coin. What happened: The burn rate exploded 1734% over the last 24 hours, resulting in a supply squeeze of 19.16 million SHIB SHIB - $0.000012281676072 tokens, according to Shibburn, the coin's official burn tracker.

Source: benzinga.com

Related symbols: SHIBUSD

2025-04-15 02:43:02 GMT.

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Price & Market Data

Price: $0.000012281676072

Volume 24h: $104,537,909.48

Market Cap: $7,236,982,601.53

Description

Shiba Inu (SHIB) is a cryptocurrency and operates on the Ethereum platform. Shiba Inu has a current supply of 589,504,512,155,280.78583566 with 589,250,405,162,197.57404413 in circulation. The last known price of Shiba Inu is 0.00001224 USD and is down -0.50 over the last 24 hours. It is currently trading on 957 active market(s) with $106,595,946.51 traded over the last 24 hours. More information can be found at https://shibatoken.com/.