Shiba

Burn

Million

Shiba Inu

<p>In the past 24 hours, the meme coin market has grown by 4.1%, with Shiba Inu, the second-largest meme coin by market cap, rising by 3.2%. Even more notable, Shiba Inu’s burn rate has soared by a remarkable 5545.73%. </p>   
<p>What’s behind this increase, and how is the token burn impacting SHIB’s market? Let’s take a closer look.</p>   
<h2 class="wp-block-heading" id="h-shib-community-in-action"><strong>SHIB Community in Action</strong></h2>   
<p>In just one day, the SHIB community burned an impressive 61,468,595 SHIB tokens. This led to a massive 5545.73% spike in the burn rate. The burn was carried out through seven transactions that sent SHIB tokens to unspendable wallets. </p>   
<p>According to data from<a href="https://www.shibburn.com/btx/0xc4bddc11f0f3d1bb70ff269aac2ca5655d5a4e15cd4565ea25d78820ba367f67" target="_blank" rel="noreferrer noopener"> Shibburn</a>, the largest of these burns involved 48,266,929 SHIB tokens, with other significant burns including 6,008,171 SHIB and 3,939,558 SHIB tokens.</p>   
<h2 class="wp-block-heading" id="h-shib-price-action-surge-and-decline-nbsp">SHIB Price Action: Surge and Decline&nbsp;</h2>   
<p>SHIB’s price has had its ups and downs this month. On November 1, it was priced at $0.00001790. By November 4, it dropped to $0.00001687. However, from November 5 to 11, the price shot up by 65.12%, reaching $0.00002789. November 10 saw a massive 27.04% surge in a single day. On November 14, the price slipped back to $0.00002341, but since then, it’s fluctuated between $0.00002343 and $0.00002593.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/28163554/SHIB-Price-Action-Surge-and-Decline--1024x576.webp" alt="" class="wp-image-386509">
</figure>   
<p>Yesterday, the <a href="https://coinpedia.org/price-analysis/whats-next-for-these-memes-as-dogecoin-shiba-inu-accumulate-strength-volume/" target="_blank" rel="noreferrer noopener">SHIB price witnessed a notable surge</a> of nearly 5.58%. However, today, at the time of writing, the price has so far dropped by 1.55%.&nbsp;&nbsp;&nbsp;</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong><em>Want to know where SHIB is headed next? Read <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noreferrer noopener">Shiba Inu price prediction</a> for insights on its future market trends and potential growth!</em></strong></p>   
<h2 class="wp-block-heading" id="h-a-message-from-shib-s-marketing-lead"><strong>A Message from SHIB’s Marketing Lead</strong></h2>   
<p>In a recent message to the SHIB community, Lucie, the marketing lead for Shiba Inu, encouraged the community to focus on organic growth, rather than relying on promotions or influencer-driven hype. She emphasized patience and commitment, urging the community to stay clear of “bad actors.” </p>   
<p>In conclusion, the SHIB community’s efforts to burn tokens reflect their dedication to improving the ecosystem. Despite price volatility, Lucie’s call for patience and focus on building provides a guiding light for the community.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732792673013">
  <strong class="schema-faq-question"><strong>How high will Shiba Inu go in 2025?</strong></strong> 
  <p class="schema-faq-answer">By 2025, our price prediction forecasts that the Shiba coin price could be worth $0.00006392. With a potential surge, the price may go as high as $0.000321 by the end of 2030.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732792683474">
  <strong class="schema-faq-question"><strong>Is Shiba Inu good for the future?</strong></strong> 
  <p class="schema-faq-answer">With the coming updates and strong community, Shiba Inu remains a strong candidate in the crypto world.</p> 
 </div> 
</div>

Shiba Inu Burn Rate Jumps 5545%: How It’s Impacting Shib’s Price

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