Shiba Inu 24-Hour Burn Volume Hits 7.64 Million SHIB... Daily Burn Rate Surges 53%

Shiba Inu burned 7.64 million SHIB in the last 24 hours, with the daily burn rate rising 53.53%. Weekly burn volume increased 18.66%, and monthly burn volume rose 27.13%. Cumulative burn volume reached 410.840195346382 billion SHIB through 21,048 transactions valued at $7.358 billion. Holder count neared 1.6 million, growing since July due to new wallet addresses. Prices rebounded, rising 1.66% in 24 hours and 3.35% weekly, trading at $0.0000044. While the market showed strength during the US Independence Day holiday, broader crypto weakness persists. The Altcoin Season Index on CoinMarketCap remained neutral at 50. Shiba Inu must surpass the 50-day moving average of $0.000005 and 200-day moving average of $0.00000622 to reverse the downtrend. A return to $0.000015 is possible if buying pressure continues.