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Shiba Inu Sees Massive 7,911% Spike In Burn Rate, Will This Catalyze SHIB Price To $0.00008?

Bitcoinist LogoBitcoinist1d ago

Shiba Inu Sees Massive 7,911% Spike In Burn Rate, Will This Catalyze SHIB Price To $0.00008? - Bitcoinist

Quick Summary:

Shiba Inu (SHIB) has witnessed a massive spike in its burn rate in the last 24 hours, providing a bullish outlook for the second-largest meme coin by market cap.

One transaction accounted for most of these tokens, as 277.5 million SHIB tokens were sent to a dead wallet.Meanwhile, another 7.2 million SHIB tokens were burnt in one single transaction.

This represents a 1731% surge in the weekly Shiba Inu burn rate.


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Shiba Inu Sees Massive 7,911% Spike In Burn Rate, Will This Catalyze SHIB Price To $0.00008? - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 18:30:01 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23077834

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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