Shiba Inu (SHIB) Price Surges 4.5% Amid Record 1,222% Burn Rate Increase
ByAinvest
Monday, Mar 16, 2026 3:31 am ET1min read
SHIB--
Shiba Inu (SHIB) price rises 4.54% to $0.00000622, driven by a sharp burn rate surge of 1,222% to 53.37 million SHIB in 24 hours. Open interest increases 4.14% to $60.52M, and volume surges 87.36% to $136.27M. Shorts absorb $50.12K in 24-hour liquidations. The 30-minute chart shows a completed cup formation pointing to the $0.00000640 resistance zone.
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