Shiba

2024

Burn

Shiba Inu

Coin

<ul class="wp-block-list news-points">
 <li><strong>SHIB burn rate surged 108% this week, removing nearly 100M SHIB, signaling community efforts to reduce supply despite market uncertainty.</strong></li>
 <li><strong>SHIB’s whale-tier trading volumes have dropped, potentially limiting the token’s short-term rally due to reduced large transactions.</strong></li>
 <li><strong>Despite price gains and rising derivatives trading volume, SHIB faces ongoing volatility, with long-term growth uncertain for 2024.</strong></li>
</ul>
<p>The <a href="https://coinedition.com/shiba-inu-shib-and-dogecoin-doge-back-in-the-spotlight-but-one-trader-may-have-found-a-new-coin-to-outshine-them/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) community has increased SHIB burns. The burn rate has increased by an impressive 108.73% over the past week, with nearly 100 million SHIB removed from circulation. However, concerns linger about SHIB’s future momentum due to decreased whale activity and limited short-term buying power.</p>
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   <p lang="en" dir="ltr">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.00001712 (1hr 0.20% ▲ | 24hr 0.83% ▲ )<br>Market Cap: $10,075,404,437 (0.75% ▲)<br>Total Supply: 589,268,689,236,397<br><br>TOKENS BURNT<br>Past 24Hrs: 9,762,549 (-74.88% ▼)<br>Past 7 Days: 95,442,500 (108.73% ▲)</p>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1850885276832325866?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 28, 2024</a>
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<h2 class="wp-block-heading" id="h-shib-burn-rate-hits-108-growth">SHIB Burn Rate Hits 108% Growth</h2>
<p>The weekly burn rate for <a href="https://coinedition.com/crypto-expert-predicts-6000-rally-for-shiba-inu-price-says-this-ai-based-ethereum-altcoin-will-surge-50000-by-2025/" rel="noopener noreferrer nofollow">SHIB</a>, the second-largest meme cryptocurrency, has seen remarkable growth. A total of 95,442,500 SHIB tokens were transferred to d…</p>
<p>The post <a href="https://coinedition.com/shiba-inu-burn-rate-soars-108-but-whale-activity-declines/" rel="noopener noreferrer nofollow">Shiba Inu Burn Rate Soars 108%, But Whale Activity Declines</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Shiba Inu Burn Rate Soars 108%, But Whale Activity Declines

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