Posted 12/13/2023, 5:42:38 AM
SHIB Prices Dip Despite Growing Utility Signs: Burn Rate Up, Exchange Supply Down
- Shiba Inu supply on exchanges decreased 0.51% since November 12, now at 7.85%
- Less supply on exchanges typically means reduced selling pressure, setting the stage for potential price gains
- Shibarium network saw a surge in daily transactions, currently at 7.84 million
- Over 2.7 million SHIB tokens burned in last 24 hours, burn rate increased by 50%
- At time of writing, SHIB trading at $0.0000093, down 2.75% in last 24 hours