Shiba Coin Price: Will the Burning of 774M SHIB Tokens Affect the Markets?

Quick Summary:

Despite recent market turbulence, the Shiba Inu community’s dedication to burning tokens has surged, with a staggering 774 million SHIB tokens burnt in just one week—a nearly 200% increase from previous rates.

Within this range, 57,520 addresses hold 51.27 trillion SHIB at an average price of $0.00023.

This intensified burning activity reflects the community’s commitment to reducing token supply and potentially boosting SHIB’s value.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: Price Analysis News Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 10:18:21 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 20703135

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