Notably, this sharp decline pushed the net difference to $865,790 in total closed Shiba Inu contracts within 24 hours. The heavy outflow also wiped out roughly 156.56 billion SHIB tokens from the futures market, underscoring the ongoing decline in speculative trading activity.
SHIB Burn Rate Dwindles To Surprising Lows Shibburn also revealed that only about $11 worth of tokens were burned over the last 24 hours, representing just over 2.05 million SHIB. In the past week, less than $100 worth of tokens was removed from circulation, indicating weakening interest in the meme coin and a clear lack of interest in helping reduce SHIB’s supply.
