Shiba Inu Burn Rate Takes A Steep Dive: 91% Decrease In 24 Hours
Shiba Inu (SHIB) has recently experienced a dramatic decline in its burn rate. This plunge, amounting to a staggering 90.57%, comes at a time when the SHIB token is facing a sharp drop in its market price. Typically, lower token prices present more extensive opportunities for token burning as it becomes more affordable to acquire additional SHIB tokens for the purpose of destroying them. However, it appears that the prevailing negative sentiment in the market is dampening the burn attempts. Related Reading: XRP On The Cusp Of Redemption? Unveiling Data-Backed Insights At the time of....
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Shiba Inu has witnessed a dramatic spike in its burn rate over the past 24 hours, according to data from Shiba Inu burn tracker Shibburn.com. The total number of tokens sent to burn addresses surged by over 1,800% during this period, marking one of the most notable increases in recent weeks. The spike in SHIB […]
The Shiba Inu burn rate is facing new challenges amidst a corresponding lull in the Shiba Inu price. According to data from Shiba Inu burn tracker Shibburn.com, the number of SHIB tokens burned in the past 24 hours has declined noticeably, which gives rise to a concern about the activity surrounding Shiba Inu and whether […]
On Saturday, the second-largest meme-based cryptocurrency shiba inu has seen a lot of tokens burned during the last 24 hours. According to statistics, the network’s burn rate has increased by 26,592% as 1.4 billion SHIB has been destroyed.
Shiba Inu Burn Rate Increases Significantly
On February 22, a SHIB team member named “Archangel” revealed that the project would have a decentralized exchange (dex) called Shibaswap 2.0 with a burn portal. The portal is meant to help bolster a deflationary supply and in mid-March, SHIB team members launched a project....
A major thing that is happening for Shiba Inu is the rapid acceleration in the burn rate that has sent more SHIB tokens to the burn address. In addition to the surges that have been recorded this week, there has been an over 72,000% increase in the burn rate in a bare 24-hour period, marking […]
The meme coin currently under the spotlight for its token-burning campaign hit a new burn rate high this Monday. Shiba Inu, the dog crypto, burned close to 200 million coins within the last 24 hours. According to SHIB Burn data, the burn rate of Shib tokens has spiked by about 3000% in the space of 1 day. Furthermore, most of the tokens sent to Shiba Inu’s burn wallet are from individual whale accounts. This burn initiative has taken off big since the beginning of this month. More than 500 million tokens went out of circulation in the first week. At this rate, it is possible the burn rate....