SHIB Burn Rate Shoots Up 33000% As ‘Dogecoin Killer’ Ignites Meme Coin Frenzy

Quick Summary:

Shiba Inu, the Dogecoin killer, reverberated investor optimism across the broader crypto market on Friday, showcasing a colossal surge in the SHIB burn rate.

Notably, the meme coin’s burn mechanism recorded a whopping 33,000% uptick today, sparking optimism as SHIB price surged over 20% in the past 24 hours.

At press time, SHIB price surged nearly 21% in the past 24 hours to reach $0.00001932.

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Article Details

Category: Crypto

Markets: India

Topics: Shib burn Meme coins Altcoin News Shiba Inu(SHIB) 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 07:18:35 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22747710

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