Web3
SHIB Burn Rate Jumps 2,349% in 24 Hours but Only $5 Worth of Tokens Burned
COINOTAG·October 19, 2026·1 min read
Shiba Inu's burn rate surged 2,349% in 24 hours, yet only 1.10 million SHIB worth about $5 left supply. Weekly burns fell 83.47% as SHIB rebounds. The burn mechanism aims to reduce supply, but the tiny amount burned has minimal impact on price.
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