Shiba Inu (SHIB) experienced a remarkable increase in its burn rate, reporting a 4500% rise with 53.61 million tokens destroyed. This significant reduction brings the total market supply down to 589.26 trillion SHIB tokens.
Binance expanded its SHIB trading options by introducing SHIB/USDC spot grid trading and Dollar Cost Averaging (DCA), offering more avenues for traders.
This development coincided with a 5% gain in SHIB's price, reaching $0.00002557. Technical analysis provided a positive outlook, suggesting the potential for continued upward movement in the token's price.
The surge in activity around SHIB underscores the increasing interest and dynamic shifts within the cryptocurrency market, particularly among altcoins.
