Shiba Inu Burn Rate Spikes 1000% As Nearly 500M SHIB Burnt, 300% Rally Next?

Q: How long will it take to read this news story?

The story "Shiba Inu Burn Rate Spikes 1000% As Nearly 500M SHIB Burnt, 300% Rally Next?" has 507 words across 39 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Shiba Inu Burn Rate Spikes 1000% As Nearly 500M SHIB Burnt, 300% Rally Next?" was covered 5 days ago by CoinGape, a news publisher based in India.

Q: How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news. The outlet is headquartered in India and publishes an average of 22 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23509495</li><li>URL: https://beamstart.com/news/shiba-inu-burn-rate-spikes-17313071556322</li></ul>

CoinGape Logo CoinGape 5d ago

Shiba Inu Burn Rate Spikes 1000% As Nearly 500M SHIB Burnt, 300% Rally Next? - CoinGape

Quick Summary:

Against the backdrop of a highly bullish market on Monday, the Shiba Inu burn rate once again witnessed a remarkable surge, propelling market optimism surrounding the meme coin’s price run ahead.

As per recent data, the meme token noted a roughly 1000% surge in its burn rate as nearly 500 million SHIB were destroyed.

Market data indicates that the meme coin’s 24-hour trading volume surged 245% to $6.08 billion.