Shiba Inu (SHIB) has seen a sharp decline, plunging 20% in the last 24 hours to trade at $0.000014. The meme coin’s weekly drop now stands at 25%, raising concerns over its price stability. A cryptic video released by lead developer Shytoshi Kusama has sparked speculation within the SHIB community,

The Shiba Inu community has burned over 1 billion SHIB tokens to enhance the token's value. Remittix introduces a PayFi solution for simplified crypto-to-fiat transactions.

Shiba Inu’s burn rate skyrocketed by 60,000% in a single day, with over 1.01 billion SHIB removed from circulation. The surge comes amid growing anticipation of a major partnership announcement teased by lead SHIB developer Shytoshi Kusama.

This sharp rise suggests institutional and large-scale investors are capitalizing on the price dip to accumulate more SHIB at lower prices. Historically, surges in whale accumulation after price declines have helped to stabilize SHIB by absorbing excess selling pressure.

Shiba Inu shows mixed market signals with a recent 2.7% price increase amid bearish technical indicators, while long-term growth plans focus on token burns, Shibarium adoption, and ecosystem development.

SHIB witnessed a dramatic surge in its burn rate, climbing over 600% and signaling a renewed wave of optimism for the meme token.

Shiba Inu’s burn rate dropped 91% in the last 24 hours, with only 2.6 million SHIB removed from circulation. This follows Shytoshi Kusama stepping down as lead visionary.