The Shiba Inu Shibarium testnet soars with record transactions, while SHIB's burn rate falters. Price trend signals bearishness, but active addresses hint at growing interest.
revealed a 22% decline in the burn rate within the past 24 hours. As of this writing, nearly 19 million SHIB tokens had been burned. Additionally, the total burn from the initial supply had surpassed 410 trillion SHIB tokens.
Furthermore, Shibburns’ data indicated that approximately 14 trillion SHIB tokens were currently staked out of the circulating supply of over 574 trillion.The Relative Strength Index line on the daily timeframe chart revealed a pronounced bearish trend for SHIB. The RSI line was positioned below the neutral line and registered a value below 35, indicating a weak movement and trend for SHIB. At the time of writing, SHIB was trading with a minimal loss of less than 1%, hovering around $0.000008.
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