Shiba Inu Burn Rate Surges 1300%, Will This Trigger a SHIB Price Rally?

Quick Summary:

The Shiba Inu burn rate witnessed a staggering 1300% surge on Saturday, fueling market optimism surrounding the meme coin’s future movements.

As millions of SHIB were taken out of the token’s total supply recently, investor speculations of a looming price rally prevail in the market.

Meanwhile, CoinGape Media reported that SHIB price reflects bullishness surrounding future price movements with a notable rise in whale activity.

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Article Details

Category: Crypto

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 07:37:55 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23477815

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 19 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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