SHIB is currently trading near $0.000014, experiencing a 3% surge in 24-hour trading volume. The crypto market cap stands at around $3.42 trillion, with meme coin market capitalization reaching $74.6 billion after a recent spike. However, SHIB has seen a decline of over 1.53% in the past 24 hours. 24-hour trading began strong with SHIB reaching a high of $0.00001467 before falling to a low of $0.00001416 before settling at around $0.0000143, a market cap of $8.43 billion. Trading volume has surged over 3.8% to reach $176 million. Shiba Inu’s burn rate stands at a meager 55.72%. A total of 18,356,090 tokens were burned, bringing the SHIB ecosystem’s total burned to over 410.74 trillion tokens. This leaves a significant amount of 584.48 trillion tokens in circulation. Can SHIB stabilize or will it continue its downward trend?