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Shiba Inu daily burn rate drops 87%; 24-hour burn value just $7

Shiba Inu’s daily burn rate fell sharply after just 1.38 million SHIB, worth about $7, was burned over the past 24 hours, pushing the daily burn rate down 87.63%. The prior tally day saw 17,464,058 SHIB burned and a 706% jump in the daily rate. Weekly burn volume totalled 315.8 million SHIB, while the 30-day period recorded 3.47 billion SHIB burned. SHIB fell 3.35% over 24 hours and open interest slipped to $43.51 million.