A single Shiba Inu token costs $0.00000587 on Monday evening. That is 0.9 percent more than the day before and 2.8 percent more than a week ago, on CoinGecko figures as of October 5. Market value stands at $3.46 billion and daily turnover at $103.2 million. The price sits 93.2 percent below its record of $0.00008616.
The question behind almost every Shiba Inu price prediction runs like this: will the steady burning of tokens eventually tighten supply enough to show in the price? The honest answer sits in two figures that are both circulating right now and that differ by a factor of 52. This piece sets them against each other, places the new trading route on Solana in context and names the levels that will decide the coming weeks.
Shiba Inu burn rate: 384 million SHIB in 30 days
The counter at shibburn.com is the most easily verifiable source for burned tokens. It reads the official burn addresses on Ethereum and shows the following picture as of October 5. Over the past 24 hours, 3,630,330 SHIB were destroyed, worth roughly $22. Over seven days the figur...
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