Burn

Shiba Inu

aping

<ul class="wp-block-list news-points"> 
 <li>Shiba Inu price dropped 5% in the past 24 hours and trades at $0.00001362.</li> 
 <li>The burn rate exploded 38,199,412% not long ago.</li> 
 <li>The technical indicators are bearish in the short term but bulls are showing signs of revival.</li> 
</ul> 
The burn rate of Shiba Inu (SHIB), the world’s second-largest meme coin, exploded significantly, as noted in a post on social media platform X (formerly known as Twitter) by user @RoundtableSpace, and this led to a slight surge in the price of the cryptocurrency as well. However, the meme coin has been following a downtrend for quite a while amid a broader crypto market meltdown. 
As per the X <a href="https://x.com/RoundtableSpace/status/1822774902958510210" target="_blank" rel="nofollow">post</a>, the Shiba Inu burn rate exploded a whopping 38,199,412% with the meme coin surging to $0.00001468. However, at the time of writing, the price of the cryptocurrency stands at $0.00001362 with a 4.92% drop in the past 24 hours and a 44.99% surge in the trading volume, which stands at $226 million. The X post further read: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Shiba’s always been a wild ride, and while burning tokens could mean diamond hands might cash out big later, these swings scream, “DYOR” before aping in.” 
</blockquote> 
Interestingly, as per the current data from Shibburn, the cr…
The post <a href="https://coinedition.com/shib-burn-rate-explodes-prices-to-turn-bullish/">SHIB Burn Rate Explodes: Prices to Turn Bullish?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SHIB Burn Rate Explodes: Prices to Turn Bullish?

Coin Edition

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