SHIB Burn Rate Skyrockets 3,600%, Shiba Inu Price To Follow?

Quick Summary:

This presents a bullish outlook for the Shiba Inu price, which has maintained a tepid price movement for a while despite other top meme coins witnessing significant rallies.

SHIB’s burn rate has skyrocketed in the last 24 hours, with millions of coins burnt.

Two transactions account for most of the token burns during this peirod.In one transaction, 15.5 million coins were burnt while 11.1 million coins were burnt in another.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: IndiaSpain

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 17:14:18 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24447627

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 34 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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