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Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction

Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction


CoinGape
2024-08-11 21:28:07

Shiba Inu price dropped 4% to $0.00001342 on Sunday, coinciding with Bitcoin falling below the $60,000 support level. This renewed selling pressure led to declines across major altcoins, impacting the meme cryptocurrency sector due to its inherent volatility and speculative trading nature. The sell-off caused SHIB to reverse from multi-month resistance, signaling a potential risk The post Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction appeared first on CoinGape .


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