Shiba Inu celebrates its fifth anniversary, summarizing achievements and innovations in the decentralized finance and memecoin sphere. Key events include a spike in the burn rate and changes in market conditions.
Surge in Token Burn Rate
Recently, the Shiba Inu token burn rate surged by 5809.71% in just 24 hours.
**Burning Stats:** * Total SHIB Burned Since Launch: 410.75 trillion * Current Circulating Supply: 584.6 trillion * Burned in Last 24h: 4.12 million SHIB * Trading Volume: $284.71 million (up 24.58%)
This trend could indicate the start of a new bullish cycle if the volumes hold.
Current Price and Market Conditions
Despite the celebratory atmosphere, the token's price showed a decline. As of the latest data, the current price is $0.00001217, down by 5.18%. * Total Market Capitalization: $7.17 billion * Support Level: $0.0000120, tested multiple times today.
Although bearish candles dominate the daily charts, increased trading volumes and buyer interest around the support area provide a glimmer of hope for a potential rebound.
Five-Year Journey: Achievements and Prospects
Since its inception, Shiba Inu has achieved significant progress. **Key Achievements:** * ShibaSwap Launch: 2021 * Shibarium Mainnet Live: 2023 * DAO Governance Rollout: 2025 * 115+ Exchange Listings Globally * Over 1.5 Million Wallet Holders
The events surrounding the fifth anniversary raise the question: will the price rebound? Several factors, such as the increase in burn rate and rising trading volumes, could influence this.
The fifth anniversary of Shiba Inu signifies not only a past narrative but also numerous prospects. While short-term charts may show hesitation, long-term metrics remain positive due to high token burn rates and growing trader interest.
