October 13th 2026, 2:55 PM
Shiba Inu Burn Activity Continues at a Relatively Low Pace
Key Summary
Shiba Inu burn activity has resumed, with 192,678 SHIB burned in the last 24 hours, a relatively modest amount compared to previous burns. The burn rate has fallen 14.22% in the last 24 hours, and the SHIB price has dropped 3.64% in the same period. The crypto market is trading in the red, with liquidations rising 143% and forced closures, indicating potential leverage being flushed out.
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Overview
Just $1 worth of SHIB was burned in the last 24 hours, according to the Shibburn page, highlighting the relatively small scale of the burn activity over the past day.Market Impact
The total burn in the last 24 hours was 192,678 SHIB, with a daily burn rate of 14.22% lower than the previous day.Economic Indicators
The crypto market is trading in the red, with liquidations rising 143% in the last 24 hours to $759 million.SHIB Price
The SHIB price has dropped 3.64% in the last 24 hours to $0.00000522, following yesterday's price crash.Outlook
Investors look ahead to key economic data releases this week, including the latest inflation print.Conclusion
The burn activity and SHIB price movements indicate a relatively stable market, with investors awaiting the release of economic data to make informed decisions.#SHIB#Crypto#US#MarketUpdate