Shiba Inu

<ul><li>SHIB burn rate surged 482.88% in 24 hours, with 60,380,203 SHIB removed from circulation.</li><li>Recent burns show strong community effort; whales burnt 10,359,000 SHIB across multiple transactions.</li><li>SHIB price is volatile, trading at $0.00001771 after a 3.9% drop following a 10% crash last Thursday.</li></ul>In the past 24 hours, the Shiba Inu (SHIB) token has <a href="https://x.com/shibburn/status/1815703450681754013" rel="noopener noreferrer nofollow">experienced</a> a significant surge in its burn rate, according to data from Shibburn. Despite the token&#39;s price showing a downward trend, the burn rate has increased by an impressive 482.88%, resulting in 60,380,203 SHIB being permanently removed from circulation. Shibburn&#39;s hourly updates on X provide a comprehensive overview of SHIB&#39;s market performance.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfoR4_2SExFe34vR9TWf07KIxrFuH0t_fd0ODVYuY9g0I50BCrOmHkewxrBUumcuoc1avyLqNZUhFE6oAblRO1aGjs4ZsYz5fbe1_0sGFKoQJgyMSBjrCn0VScwp2yhPVV3IyRtZGoHNviDLYQwbfHlAcnb?key&#61;uk3ZBvvU6Z77yZ6rat_QQw" />Total Burned SHIB and Its Market ImplicationsThe data from Shibburn highlights the substantial impact of these burns. In the past 24 hours alone, 60,380,203 SHIB were burnt, contributing to a total of 135,026,217 SHIB burnt over the past seven days. This significant reduction in the circulating supply is expected to drive scarcity and potentially stabilize or increase the token&#39;s value over time.<a href="https://cryptotale.org/shiba-inu-burn-rate-surges-by-482-88-in-24-hours/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Shiba Inu Burn Rate Surges by 482.88% in 24 Hours

CryptoTale

Other articles published on Jul 24, 2024

COTI Selected for Bank of Israel’s CBDC Initiative

Sen. Cynthia Lummis Likely To Introduce New Bitcoin Bill For US Strategic Reserve

If You Missed PEPE and BONK 10,000x This Year Rollblock (RBLK) Could Be Your Next Chance

Bitstamp Starts Distributing BTC, ETH, BCH To Mt Gox Creditors

Bitcoin Price Ready For Takeoff As Shiba Inu And LUNC Burns Worry Community

There’s a New Development on the US Declaring BTC as a Reserve Asset, Which Could Create a Mega B...

Join our free newsletter for daily crypto updates!