On-chain data shows 111.67 billion SHIB burned in the last 24 hours while exchange netflows fell by about 82.67 billion, helping stabilize Shiba Inu amid a weak market.
Shiba Inu saw over 184 million SHIB burned in the past 24 hours, driven largely by a single 179.5 million SHIB transaction. The burn rate surged about 108,500%, a move that could tighten circulating supply and affect short-term price dynamics.