Shiba Inu Burn Rate Skyrockets 4,100% as 21,709,094 SHIB Vanish
The post Shiba Inu Burn Rate Skyrockets 4,100% as 21,709,094 SHIB Vanish appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In the last 24 hours, Shiba Inu’s burn rate has surged by an astonishing 4,100%, with a total of 21,709,094 SHIB tokens permanently removed from circulation. According to the Shibburn X account, 21,709,094 SHIB were burned in the last 24 hours, marking a 4,100.35% surge in the daily burn rate. A single massive burn of 21,088,148 SHIB performed within the last 24 hours contributed to this. HOURLY SHIB UPDATE$SHIB Price: $0.00002372 (1hr -0.06% ▼ | 24hr -2.13% ▼ )Market Cap: $13,977,981,987 (-1.97% ▼)Total Supply: 589,257,014,659,157 TOKENS BURNTPast 24Hrs: 21,709,094 (4100.35% ▲)Past 7 Days: 104,230,574 (86.58% ▲) — Shibburn (@shibburn) January 8, 2025 This massive spike in token burns is a positive sign for the Shiba Inu community, contributing to the reduction of its total supply. Related Despite this remarkable burn rate, the price of Shiba Inu has experienced a sharp decline, plunging by nearly 11% in the same 24-hour period. This drop in value comes amid a broader market sell-off that has seen a staggering $711 million in cryptocurrency liquidations. The market-wide downturn has affected numerous digital assets as investors react to recent macroeconomic concerns. Shiba Inu skyrockets 2,004% in whale moves Shiba Inu prices have fallen in tandem with the broader crypto market. At the time of writing, SHIB was down 10.43% in the last 24…
Filed under: News - @ January 8, 2025 3:22 pm