SHIB Burn Rate Soars 1500% As Shiba Inu Price Eyes Rally To $0.001

Quick Summary:

The renowned dog-themed meme token Shiba Inu captured noteworthy market attention on Friday, witnessing a remarkable surge in the SHIB burn rate.

Notably, intraday burn statistics flagged a whopping 1500% uptick, primarily against the backdrop of over 30 million tokens destroyed.

For context, the Shiba Inu token burn mechanism primarily focuses on permanently reducing the asset’s circulating supply.

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Article Details

Category: Crypto

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 06:59:29 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24844348

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Main Topics: Crypto

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