Shiba Inu has activated a deflationary mechanism, burning 6,878,412 SHIB tokens over the past 24 hours. According to data from the Shibburn tracker, burn activity increased by 44.45%. Despite the burn, SHIB's circulating supply remains at 585.47 trillion tokens. The token's price rose to 0.000005916 USD in the short term, up 4.56%, but critics argue that given its massive supply, the impact of this burn is primarily psychological in nature. SHIB has depreciated by over 51% over the past year.

SHIB1,21%

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