SHIB price has risen significantly over the past 24 hours. One factor that has come up as a possible catalyst is the burning mechanism of Shiba Inu tokens. Over 171k Shiba Inu tokens were burned in the last 24 hours. Thereby, possibly triggering an uptick in SHIB price. However, future
Token burning increased over a week, but SHIB price didn’t precisely reflect its impact. The Shiba Inu community is anticipating that the next 30 days will reverse the SHIB price pattern. More factors, like increasing optimism and a rate cut, are likely to contribute to SHIB price surge. This comes
SHIB price surged over the last 24 hours despite fewer tokens being burned. The price is now anticipated to continue soaring in the next 5 days and 1 month. A reduction in SHIB burning comes at a time when Shiba Inu sought stronger holdings among community members. Interestingly, token burning
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
