SHIB Burn Rate Soars 2,542%, Price Faces Resistance

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Shiba Inu’s burn rate skyrocketed by 2,542% in the past 24 hours, removing over 68 million SHIB tokens from circulation, according to Shibburn. Despite this aggressive burn, SHIB’s price dipped 8.55% to $0.000030, after an earlier 24% surge this week. The coin has struggled to break past the $0.000033 resistance level twice in seven days, keeping investors on edge. With nearly 3 billion SHIB burned in the past week, the community remains hopeful for a price rebound, even as market volatility persists.