Shiba Inu (SHIB), one of the most prominent memecoins in the crypto space, is currently experiencing a bearish phase, despite a notable surge in its burn rate. On December 8, SHIB reached a nine-month high of $0.00003343, catching the attention of investors. However, in a sharp reversal, the altcoin has
This week began on a bearish note for the cryptocurrency market, with many tokens struggling to recover from recent lows. Among them, the popular meme coin Shiba Inu (SHIB) has seen a dip of over 1.5% in the last 24 hours, despite a remarkable spike in its burn rate. According
Today, while major cryptocurrencies like Bitcoin and Ethereum display a downturn, Shiba Inu (SHIB) is making headlines with its price movements and a substantial rise in its burn rate. After a two-month period of consolidation, SHIB has regained momentum, currently trading at $0.00001635. This reflects a 10.7% increase in the
The Shibarium community is known to show a spur of activity apart from being an active cornerstone for the memecoin sector. Shiba Inu, the second largest memecoin in the market often garners market attention with its burn rates spiking multifold. In recent times, as of the last 24 hours, the
Despite a 4.23% drop in Shiba Inu’s price, the memecoin displayed a 2,800% rally in its burn rate over the past 24 hours, removing nearly 8 million tokens from circulation. More than half of this amount was burned in a single transaction about 21 hours ago. The burning mechanism will
Shiba Inu, a prominent memecoin has recently caught the attention of the cryptocurrency community due to a significant surge in burn rates, marking a 6,000% increase, according to the Shibburn wallet tracker. This surge indicates a deliberate effort to lock away a substantial amount of SHIB tokens, potentially impacting its
Shiba Inu (SHIB), one of the popular decentralized meme cryptocurrencies is attracting crypto users and investors majorly. Recently, the increase in the burn rate has led to the effective engagement of SHIB investors and enthusiasts. As per the recent update, the price of Shiba Inu is facing a little drop
Shiba Inu (SHIB), the popular meme coin, has experienced an astounding surge in its burn rate, leading to the removal of a staggering number of tokens from circulation. According to data from Shibburn, the burn rate of SHIB skyrocketed by more than 3,800% on July 10, resulting in the permanent
Shiba Inu (SHIB), also known as “the Dogecoin killer,” is facing difficulties maintaining its position in a challenging market environment. The current market decline has intensified the struggle for SHIB as investors eagerly anticipate the launch of “Shibarium”, a highly anticipated layer-2 blockchain. However, concerns are mounting due to the
The Shiba Inu Burn Twitter account, known for its active participation in the crypto community, has been unexpectedly suspended. The Shiba Inu Burn Twitter account has become widely recognized and appreciated in the crypto community for its active participation and timely updates regarding the burn rates of the Shiba Inu
