Shiba Inu Marks Bullish Reversal As SHIB Burn Rate Spikes 152%
Shiba Inu is seemingly gearing up for a reversal especially as the community has jumped back into reducing the circulating supply of SHIB tokens. This has resulted in a significant jump in the SHIB burn rate over the last day as millions of tokens make their way out of circulation. SHIB Burn Rate Rises By […]
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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....
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....
The Shiba Inu community has again ramped up its SHIB burning efforts, causing a massive burn rate spike. Despite SHIB’s tumbling price in the past seven days, Shiba Inu’s burn rate has recorded a nearly 48,000% increase. The SHIB community is determined to cut down the Shiba Inu circulating supply, a feat that many believe will positively impact the token’s price. SHIB Community Intensify Token Burn Efforts Following Slight Decline According to data from the Shiba Inu burn tracker, Shibburn, the SHIB burn rate has spiked 47,908% in the last 24 hours. The SHIB ecosystem swept 28.129....
The Shiba Inu community burn has picked up steam once more after a week of subpar performance. The SHIB burn initiative which is looking to drastically reduce the amount of SHIB tokens in circulation burned over 17 million tokens in one day, a significant jump from the prior day’s figures. Shiba Inu Burn Rate Up […]
The Shiba Inu price is one that is poised for upside as momentum picks up. The fundamentals that point to this increase are a culmination of the surge in the meme coin’s trading volume coupled with an absolutely massive jump in the amount of SHIB that is being burned on a daily basis. SHIB Burn […]