Shiba Inu (SHIB) recorded a burn of roughly $13 worth of tokens over the past 24 hours, according to data from Shibburn’s website.
Burn Activity Overview
The latest figures show that 2.69 million SHIB were destroyed in the last day, representing a 74 % plunge in the daily burn rate. Since June 20, when the network eliminated 8,795,791 SHIB, the burn cadence has steadily slowed.
Over the previous seven‑day span, the total tokens burned reached 37.69 million, yet the overall burn rate fell by 19.11 %. This contraction mirrors a broader sell‑off across the crypto market, where investors have been pulling back from many assets.
Price Movement and Market Outlook
Heavy selling pushed Shiba Inu’s price to a trough of $0.00000464, before early‑Monday buying lifted it to an intraday high of $0.00000472, largely recouping the prior decline. At the time of writing, SHIB trades at $0.00000466, down 0.33 % in the last 24 hours and 6.44 % over the week.
Crypto sentiment remains fragile, with most digital assets hovering near recent lows, and Shiba Inu’s price now confined to a narrow range. Investors will watch Thursday’s release of May’s personal consumption expenditures price