Shiba Inu Burns Take Flight With 101% Increase, SHIB Price Eyes New ATH

Quick Summary:

Shiba Inu has seen an acceleration in the number of burns being carried out on a daily basis.

In the last day alone, the burn rate has more than doubled as investors pour out in an effort to reduce the supply of the meme coin.

Given that the SHIB market cap is currently sitting at $10 billion, a rise to $100 billion would mean a 1,000% or 10x increase from here.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 13:30:01 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21394751

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

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News Last Updated: 10 hours ago

Coverage Areas: Hungary

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