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Shiba Inu burns 1.5M tokens but daily burn rate drops 43%, signaling slowing token removal.

Protocol Fundamentals
31 May 2026
UToday
View Source
Bearish
pluang ai news

Shiba Inu burned 1,535,066 SHIB tokens in the last 24 hours, but the daily burn rate fell by 43%, continuing a downward trend since May 27 when over 7 million tokens were burned. The weekly burn rate also declined by 44.22%, indicating fewer tokens are being permanently removed from circulation. This slowdown in token burning coincides with Shiba Inu's price dropping about 12.5% in May, ending a two-month gain streak. Support is expected around $0.000005, with resistance near $0.000006, as the market reacts to broader crypto developments including new U.S. regulated futures products.

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