Shiba Inu Burns Over 2 Million Tokens in 24 Hours

Shiba Inu's latest burn figures have been released, showing that over 2 million tokens were burned in just 24 hours. The total value of the burned tokens was approximately $12. This brings the seven-day total to 112,131,626 SHIB, worth around $604.

The total burns now stand at 410,844,351,494,563 SHIB, which is equivalent to 41.08% of the initial 1 quadrillion-token supply. It's worth noting that a single-day reading does not necessarily establish a sustained reduction in circulating supply.

A historical record for SHIB/USD on September 26 shows an open price of $0.00000595, a high of $0.00000603, and a low of $0.00000589, with a close at $0.00000592. Technical analysis markers indicate nearby resistance at $0.00000620 and support at $0.00000550.