Shiba Inu

<ul><li>Shiba Inu has witnessed the burning of 1.2 billion tokens in single transactions.</li><li>SHIB’s trading price surged by over 3.05%.</li></ul>Shiba Inu, the popular memecoin, has <a href="https://thenewscrypto.com/will-shiba-inu-shib-regain-its-position-in-crypto-market/" rel="noopener noreferrer nofollow">continued</a> to gain attention in the crypto market. It has shown a massive increase in burn rate. Recently, the memecoin has witnessed a huge amount of burn in single transactions.According to Shibburn, 1,238,951,893 SHIB tokens worth approximately $11,000 were transferred to the dead wallet. Etherscan reported that an unknown account transferred 1.2 billion SHIB tokens in a single transaction. With the massive burn, the SHIB burn rate has increased by 2340.62% in the last 24 hours.The mysterious transaction has <a href="https://thenewscrypto.com/shiba-inu-downgraded-from-aaa-rating-on-certik-platform-urgent-demanded-by-shib-army/" rel="noopener noreferrer nofollow">turned</a> investors’ eyes toward SHIB. This burning of a substantial amount of SHIB has left investors wondering about the implications and motivations behind such a big move.At the time of writing, the trading price of the Shiba Inu is around $0.000008783, with an increase of 3.05% in the last 24 hours. The trading volume of the SHIB has surged by over 131.15%, according to CoinMarketCap.

Massive Shiba Inu Burn; Suspicious Transaction of 1.2B Tokens Detected

TheNewsCrypto

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