Shiba Inu Burn Rate Slips 72%; SHIB Price To Follow Suit?

Quick Summary:

The Shiba Inu community has continued their effort in reducing the token’s supply from the market but the recent burn rate drop has sparked concerns.

According to recent data, the burning rate has declined significantly over the last 24 hours, with SHIB price also witnessing a similar trajectory.

Notably, the token hovers between $0.00002179 and $0.00002047 in the last 24 hours, indicating the strong selling pressure in the market.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Shiba inu burn Shib burn rate Shiba Inu (SHIB) PRICE Shiba Inu (SHIB) 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 12:58:36 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 24998713

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About CoinGape

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