SHIB Token Surges 5.69% Amid Major Supply Burn, Rising Trading Volume Fuels Recovery Outlook

SHIBUSDT experienced a 5.69% increase in price over the past 24 hours, rising from 0.00000615 to 0.00000650, primarily driven by a substantial reduction in circulating supply due to recent token burns and heightened trading activity. Increased spot trading volume and futures open interest, alongside news of a key market structure break and higher lows, have contributed to renewed buyer interest and optimism for a potential recovery. The current market capitalization is approximately $3.65–$3.72 billion, with 24-hour trading volumes exceeding $142 million and price fluctuations between $0.00000612 and $0.000006544.