Shiba Inu Burns Stalls With Only One Burn Transaction In 24 Hours, Is This The End?

Quick Summary:

The Shiba Inu community burn has been going on for two years now, but there is a long way to go before the burns get anywhere close to reducing the circulating supply by a meaningful margin. This goal has moved even farther away as SHIB burns from the community have stalled.

Particularly, only one burn transaction was recorded in the one day period, an even worse number than the two burn transactions recorded the prior day.

Shibburn’s data shows a little over 2.633 million SHIB tokens were burned in this transaction.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Shiba Inu news SHIB burn SHIB news SHIBUSD Shiba Inu price Shiba Inu SHIBUSDT SHIB price Shiba Inu burn Shib

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 21:00:11 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22870698

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