Shiba Inu On Fire With Over 410 Trillion Tokens Destroyed Amid Burn Rate Growth

Quick Summary:

Market Reaction And Price Fluctuations As a result, the price of SHIB rose following news of this increased burn rate.

Galaxy Digital CEO Unveils Bold 5-10 Year Forecast A Community-Led Initiative The current increase in SHIB’s burn rate is mostly propelled by community efforts to augment the token’s worth.

This increase is noteworthy since it diminishes the circulating supply of SHIB, potentially exerting upward pressure on its price if demand remains constant or escalates.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Crypto Cryptocurrency Market News Shibarium Shiba Inu ShibBurn SHIB Memecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 10:00:44 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23628177

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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News Last Updated: 10 hours ago

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