- Shiba Inu (SHIB), an Ethereum-based altcoin, is once again making waves in the cryptocurrency space with increased burning activity and price appreciation.
- According to the latest data provided by Shibburn, which offers SHIB burning information, the Shiba Inu burning rate has surged tremendously, showing a staggering increase of 499,416% in the last 24 hours.
- As of writing, the Shiba Inu price has experienced a 1.64% increase today, reaching $0.000008519. However, there have been significant fluctuations in the token’s price over the last 24 hours.
While the Shiba Inu price has seen a modest increase, the burning rate of SHIB tokens has witnessed an incredible surge: Latest SHIB token burning data!
Incredible Increase in SHIB Token Burning Rate
Shiba Inu (SHIB), an Ethereum-based altcoin, is once again drawing attention in the cryptocurrency space with increased burning activity and price appreciation. It appears that the SHIB community has shown a significant increase in burning large amounts of SHIB in the last 24 hours. Furthermore, in an environment where the cryptocurrency continues its efforts to garner support from the community, the Shiba Inu price has experienced a slight increase at the time of writing.
This price increase is in line with the recent efforts of the community, indicating a complex burning of SHIB coins in broader markets. Cryptocurrency investors and enthusiasts closely monitor the fluctuations in the Shiba Inu price when determining the position of the token in the cryptocurrency landscape.
According to the latest data provided by Shibburn, which offers SHIB burning information, the Shiba Inu burning rate has surged tremendously, showing a staggering increase of 499,416% in the last 24 hours. At the time of writing, an astonishing 264.20 million SHIB has been burned in the last day alone. Additionally, the amount burned from the initial supply of SHIB coins reached 410.66 trillion, attracting significant attention in the broader cryptocurrency markets.
Interestingly, a transaction that caught the attention of cryptocurrency market enthusiasts today was a massive transfer to a dead wallet by SHIB. According to data, the wallet address 0x95ad…3e43 burned approximately 261.40 million SHIB about two hours ago. The continuous burning of tokens in the last few days is a result of the Shiba crypto community’s efforts to support their tokens.
Shiba Inu Price Report
As of writing, the Shiba Inu price has experienced a 1.64% increase today, reaching $0.000008519. However, there have been significant fluctuations in the token’s price over the last 24 hours. Additionally, according to market charts, a weekly decrease of 2.26% has been recorded.
Furthermore, the token saw a 49.21% increase in trading volume in the last 24 hours and experienced a 1.65% increase in market value, reaching a trading volume of $160.37 million today.
The price increase observed in the token appears to be a result of significant token burning, showcasing bullish market sentiments in the broader cryptocurrency markets. The meme coin is once again closely watched by many market enthusiasts for exhibiting positive outlook for the future.
