SHIB Burn Rate Shoots Up 1000%, Shiba Inu Coin To Double Soon?

Quick Summary:

The Shiba Inu coin has once again nabbed investor attention amidst a roaring Q4 bull market, primarily with a remarkable surge in the SHIB burn rate.

On Tuesday, burn data mirrored a whooping 1000% surge, indicating that the crypto’s supply took a massive hit.

Despite the token’s waning intraday movement, on-chain stats pain a bullish picture of the meme coin ahead.

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Article Details

Category: Crypto

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 06:20:03 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 24314077

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Main Topics: Crypto

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