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 - $0.000011873218484 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 - $0.000011873218484 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: $0.000011873218484

Volume 24h: $154,755,938.90

Market Cap: $6,996,271,061.51

Description

Shiba Inu (SHIB) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Shiba Inu has a current supply of 589,502,685,192,873.51287135 with 589,248,068,765,317.35282625 in circulation. The last known price of Shiba Inu is 0.00001194 USD and is up 0.07 over the last 24 hours. It is currently trading on 970 active market(s) with $153,842,733.87 traded over the last 24 hours. More information can be found at https://shibatoken.com/.