Shiba Inu Burns 13 Million SHIB In One Transaction, But Daily Transactions Plummet: What’s Going On?
Posted On February 18, 2025
Despite a 30.4% decline in Shiba Inu‘s (CRYPTO: SHIB) price over the past month, the community continues its burn mechanism to reduce supply. However, the latest burn rate remains weak, signaling a limited impact on price momentum.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu (CRYPTO: SHIB) | $0.00001503 | $8.9 billion | -3.4% | -3% |
| Dogecoin (CRYPTO: DOGE) | $0.2465 | $36.5 billion | -3.9% | -1% |
| Pepe (CRYPTO: PEPE) | $0.059083 | $3.8 billion | -7.7% | -3.7% |
Technical Analysis: Benzinga’s technical analysis suggests a neutral market stance, with Shiba Inu’s Relative Strength Index …
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