SIBCoin USD Price & Performance (SIBUSD)

Shiba Inu's recent 8% price increase has brought 101.42 trillion SHIB into profitability, marking a notable recovery from earlier losses. With 34% of wallets now in profit, the broader cryptocurrency market's positive momentum appears to support this rebound. Key resistance levels for SHIB are being closely monitored as investor sentiment improves.1

Shiba Inu's burn rate surged significantly, with 29.3 million SHIB burned in just 24 hours. Despite this, SHIB's price experienced a 6% decline, reflecting broader market trends. The burns, which aim to reduce supply, highlight ongoing community efforts to stabilize the token amidst fluctuating market conditions.23

Shiba Inu's ecosystem saw 13.8 million SHIB burned in a single transaction, yet daily transactions have dropped sharply from 4.7 million to under 2 million. While burn mechanisms continue to remove supply, the decline in activity raises concerns about long-term engagement and price stability.45