SHIB Supply Shrinks on Burning and Hodling, Fueling 35% Monthly Price Surge
- Shiba Inu team has burned over 33.6 billion SHIB tokens to date, reducing circulating supply
- Over 25.7 billion SHIB tokens were burned in December alone
- SHIB price has gained 35% monthly, sustaining above $0.00001090
- SHIB supply on exchanges dropped to 7.82% on December 24, reducing selling pressure
- On-chain metrics and shrinking circulating supply support a bullish outlook for SHIB