Per the Shibburn website, the burn rate of Shiba Inu has increased by 443%. However, only 14,089,818 SHIB have been burned in the last 24 hours. Shiba Inu (SHIB) continued its journey upward, reaching an intraday high of $0.00001283 at the time of writing. This was the highest in over six weeks. Shiba Inu also rallied for the second consecutive day as attention shifted to meme cryptocurrencies.

SHIB sets new milestone According to IntoTheBlock data, SHIB is now seeing its highest percentage of long-term holders, setting a new milestone in the metric. The percentage of long-term holders, or "hodlers," has jumped to 42%, the highest so far, while that of midterm speculators continues to decline. Meanwhile, the percentage of short-term holders has held relatively steady. Related Shiba Inu Sets New Milestone in This Long-Term Metric: Report According to IntoTheBlock's data on holder composition by time held, 42% of SHIB holders have "hodled" their tokens for more than a year, 55% have held within a year, and 3% have held onto their tokens for less than a month.