Crypto
Shiba Inu Price Soars on Token Burns and Exchange Listings
Shiba Inu's (SHIB) price has risen by 7.4% to $0.0000048, as over 110 billion tokens are withdrawn from exchanges and ongoing token burns on Shibarium reduce circulating supply.
The asset is trading above its short- and medium-term moving averages, but remains below the long-term trend indicator at $0.00000543.
New exchange listings, including a USDT pair on UEX.US, are widening access to SHIB and driving demand, while token burns are increasing scarcity.