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Shiba Inu Price At Pivotal Point, Only 352 Million SHIB Burned In February

Just like the broader crypto market, the Shiba Inu (SHIB) price is currently at a crucial turning point from a technical chart analysis. In addition, the SHIB burn rate in February has fallen short of expectations, which is likely to reinforce bearish sentiment.

The Twitter account of the SHIB Burn tracker “Shibburn” today shared the final count of all Shiba Inu coins that were destroyed in the past month of February. A total of 352,210,738 (approximately 352.21 million) SHIB were burned through 128 separate transactions by the community-led burn initiatives.

Compared to the previous month of January, this represents a significant decrease in both the number of burn transactions and the total amount of SHIB destroyed. In January, approximately 1.12 billion were burned forever in 223 transactions.

Shiba Inu Shiba Inu $0.00
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Shiba Inu SHIB
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