Shiba Inu (SHIB) Rolls Back With a 17% Surge in a Month

• SHIB surged by 5.50% in the last 24 hours. 
• Consequently, the burn rate has faced a drop of 71.81%.

Shiba Inu (SHIB), one of the popular memecoin cryptocurrencies has surged abruptly with an increase of 5.50% in the last 24 hours. Meanwhile, SHIB gave a jaw-dropping moment in regard to its last month’s performance with a 16.16% surge.

Considering the technical statistics of Shiba Inu, the support and resistance levels are marked as $0.00000830 and 0.00000841 respectively. According to CoinMarketCap, SHIB is trading at $0.000008658 with a volume of 42.11%, ranking 20th position. 

Shiba Inu (SHIB) 24H Price Chart (Source: CoinMarketCap)

SHIB has a market capitalization of around $5.1 billion which has skyrocketed to an increase of 5.25% compared to the previous day. As SHIB counts the infinite maximum supply, the current count falls more than 589T of SHIB tokens in circulation. 

SHIB Burns & Whales Activity

In the last 6 hours, there are two SHIB transactions as per the automated records of Shibburn. Also, the burn rate has faced a 71.81% drop. 

SHIB Burn (Source: Shibburn)

Moreover, there is no unique anticipation of SHIB whale activity over the last week. Yet, there has been a staggering transaction volume of around 1.13T SHIB tokens on its third anniversary day. This is recorded by IntoTheBlock data on Wednesday. 

Highlighting Crypto News:

36 Trillion Shiba Inu Remain Profitable for Active Addresses During Market Downturn