Burn

Shiba Inu

<p><strong>Over the past 24 hours, a staggering 79,239,699 $SHIB have been burned, creating a ripple effect across the market. This information was shared by the official <a href="https://twitter.com/shibburn/status/1685863153706409984" target="_blank" rel="noopener noreferrer nofollow">Shibburn Twitter account</a>, a reliable source for real-time updates on the $SHIB burn rate.</strong></p> 
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   <p lang="en" dir="ltr">In the past 24 hours, there have been a total of 79,239,699 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> tokens burned. Visit <a href="https://t.co/t0eRMnyZel" target="_blank" rel="noopener noreferrer nofollow">https://t.co/t0eRMnyZel</a> to view the overall total of <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SHIB</a> tokens burned, circulating supply, and more. <a href="https://t.co/3F2PJfKKmD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/3F2PJfKKmD</a></p>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1685863153706409984?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2023</a> 
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<p>For those unfamiliar with the term, “burning” in the context of cryptocurrencies refers to the act of intentionally removing tokens from circulation, effectively reducing the total supply. This is often done to create scarcity, which can potentially drive up the value of the remaining tokens.</p> 
<p>The <a href="https://www.shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">Shibburn website</a> provides a comprehensive overview of the $SHIB token’s current status. As of now, the total circulating supply stands at 579,240,102,739,969 $SHIB, with a total of 999,988,147,914,711 $SHIB tokens burned from the initial supply. The burn rate, a key indicator of the token’s deflationary model, has seen a sharp increase of 73.85%.</p> 
<p>The impact of this burn rate surge is not reflected in Shiba Inu’s market performance. According to <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the live price of $SHIB is currently $0.000008392, with a 24-hour trading volume of $143,692,627. The token’s market cap is $4,940,060,338, ranking it 14th in the global cryptocurrency market. SHIB is down by 1.1% in the last 24 hours.</p> 
<p>The surge in Shiba Inu’s burn rate is a testament to the dynamic and ever-evolving nature of the cryptocurrency market. As more tokens are burned and removed from circulation, the potential for increased scarcity and value growth becomes a focal point for investors.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/shiba-inu-burn-rate-surges-by-almost-100-heres-the-number-of-shib-burned/">Shiba Inu Burn Rate Surges By Almost 100%: Here’s the Number of SHIB Burned</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Shiba Inu Burn Rate Surges By Almost 100%: Here’s the Number of SHIB Burned

CaptainAltcoin

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