SHIB burn rate spikes 5545%, removing 61M tokens. Price holds steady as Binance expands trading options for SHIB.
61.33% of SHIB holders were in profit, supported by rising burns and new trading options on Binance.A total of 61,468,595 SHIB tokens were permanently removed from circulation, with a large portion of the burn attributed to a single significant transaction.The SHIB burning mechanism is a community-driven effort to reduce the token’s supply and increase its scarcity.
Over the last 24 hours, SHIB traded between $0.00002453 and $0.00002639, highlighting its ongoing volatility.
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