Shiba Inu

<ul><li>Shiba Inu burn rate drops by -100% in the last 24 hours.</li><li>Shibburn website details revealed the slow and inconsistent burn rate.</li></ul>Shiba Inu has risen in popularity over the last few years. The <a href="https://thenewscrypto.com/bone-shibaswap-bone-eyes-binance-listing-after-huobi-global/" rel="noopener noreferrer nofollow">SHIB</a> army has also emerged as one of the strongest communities out there. This level of growth to become the second-largest meme coin out there has been achieved through numerous developments.The Shiba Inu team has been relentlessly working on numerous projects, including the earlier-launched Shiba Eternity and the much-awaited <a href="https://thenewscrypto.com/analyzing-the-potential-of-shiba-inu-is-a-300-surge-possible-for-shib/" rel="noopener noreferrer nofollow">SHIB</a> Metaverse and Shibarium. One of the key initiatives by the SHIB developers is the burn mechanism.The SHIB burn mechanism has been kept in place to send SHIB to dead wallets and remove them from circulation. This is done with the vision of inducing scarcity and triggering a price hike in the future. While the burn rate is quite well known for its inconsistent nature, history has repeated itself. According to details from Shibburn, the burn rate has plummeted by -100%.<h3 id="shiba-inu-burn-rate-fails-to-gain-momentum">Shiba Inu Burn Rate Fails to Gain Momentum</h3>Details from Shibburn reveal that zero <a href="https://thenewscrypto.com/bone-shibaswap-bone-eyes-binance-listing-after-huobi-global/" rel="noopener noreferrer nofollow">SHIB</a> has been sent to dead wallets in the last 24 hours. The burn rate has been on a slow ride over the past few days. Shibburn details show that 410,633,244,576,336 SHIB have been removed from the supply.However, the current pace of burning is not enough to cause a major change in the price and demand for SHIB. The dropping burn rate is also accompanied by a drop in prices. According to CoinMarketCap, Shiba Inu is trading at $0.00001017, with a 0.48% drop in value over the last 24 hours.

Shiba Inu Burn Rate Plummets by 100%, Zero SHIB Burned in the Last 24 Hours

Table of Contents

TheNewsCrypto

Other articles published on Apr 26, 2023

Bitcoin (BTC) Price Prediction 2023, Experts want users to buy this DeFi token instead

Bitcoin Collapses $2K+ After False Alarm Sends Traders Panicking

FCA Speaks on Digital Asset Regulation in the UK

Circle's Cross-Chain Transfer Protocol (CCTP) launches with Wanchain as a launch partner

¾ of all cryptocurrencies are NOT securities - Gary Gensler

US approves raising debt limit to $1.5 trillion! What does this mean for Bitcoin traders?

Join our free newsletter for daily crypto updates!