Krutika Adani
In the last 24 hours, just 9 million $SHIB has been burnt, a 50% decline from the 24 hours before press time.
Low burn rates were caused by low market activity, which in turn were caused by falling crypto prices.
At launch, Shiba Inu had more than 1,000 trillion tokens, of which about 580 trillion are still in circulation.
If the burn rate increases, the total number of coins in circulation falls, and the token price rises.
Shiba Inu is presently at $0.000017, below which the price may fall to $0.000011 if markets fail to recover above $0.000020.