Shiba Inu (SHIB) burn rate up 2,355% as community doubles down on deflation
Shiba Inu has recorded mostly bearish slumps in all metrics since the start of April and the new quarter. However, data from shows that the burn rate of the meme coin has hit a major recovery ride, soaring as high as 2,355.86% over the past 24 hours. With this upsurge, it has seen as much as 110,474,927 SHIB sent to dead wallets.in digital currency.
One of the most significant transactions involved in this latest burn schedule involves 105,469,546 SHIB moved by a wallet address with the marker"0x7d0c...b521f." Other transactions like the 3,370,930 SHIB sent from"0xdfff9e...cca3b" and 1,306,865 SHIB from"0x420801...c6836d" also add up to the whole.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why a slow descent for Shiba Inu is likely after 355% rallyShiba Inu (SHIB) price consolidation from May 13, 2022, ended on February 27, 2024, when SHIB saw a massive breakout rally.
Read more »
Shiba Inu Burn Rate Soars 15,608% as SHIB Team Torches SHIB, BONE, LEASHShiba Inu's epic week adds first-ever LEASH burn, massive SHIB and BONE burns
Read more »
SHIB Lead Breaks Silence on Shiba Inu New Mega Deal: DetailsShiba Inu lead Shytoshi Kusama speaks as last piece in collection of Shiba Inu technologies unfolds
Read more »
Shiba Inu (SHIB) Bulls Set New Target, Clearing Another Zero Amid 60% JumpShiba Inu (SHIB) skyrockets 60%, here's next major target to watch
Read more »
SHIB Lead Shytoshi Kusama Issues Crucial Warning to CommunityHead of Shiba Inu team warns SHIB community against this danger
Read more »
386 Million SHIB Burned as SHIB ETF Petition Keeps Attracting New VotesSHIB army has managed to burn close to 400 million Shiba Inu coins
Read more »