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$100,000 Shiba Inu Burn Triggers Epic 252,910% Surge, Why Investors Should Beware

Bitcoinist LogoBitcoinist2w ago

$100,000 Shiba Inu Burn Triggers Epic 252,910% Surge, Why Investors Should Beware - Bitcoinist

Quick Summary:

The Shiba Inu burn rate skyrocketed by 252,910% as $100,000 worth of SHIB tokens was burnt in one transaction.

This typically presents a bullish outlook for the Shiba Inu price, but the scam detector platform Susbarium has explained to investors why they should be wary of such token buns.

A burn of such magnitude is bullish for the Shiba Inu price, considering that the meme coin’s price will ultimately become more valuable as more coins are burnt.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 15:00:07 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23365170

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "$100,000 Shiba Inu Burn Triggers Epic 252,910% Surge, Why Investors Should Beware" was covered 2 weeks ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 14 news stories per day.

It's most recent story was published 10 hours ago.

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  • URL: https://beamstart.com/news/100000-shiba-inu-burn-triggers-17304734063421

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