Burn

Pepe

Shiba Inu

Coin

<ul class="news-points"> 
 <li>About 342,020,540 SHIB tokens were burned over the past 24 hours, which was a 300+% increase from the previous day.</li> 
 <li>This could suggest that community support for the meme coin is picking up again.</li> 
 <li>If buyers identify SHIB’s current price as a buy opportunity, it may flip the $0.00000855 resistance into support.</li> 
</ul> 
Over the past day, about 342,020,540 <a href="https://coinedition.com/tag/shiba-inu-shib/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> tokens were burned, according to a post shared by the SHIB burn tracker Shibburn. Notably,this was a more than 300% increase in the meme coin’s burn rate over the past 24 hours. 
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 HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.00000822 (1hr 0.64% ▲ | 24hr 1.43% ▲ ) Market Cap: $4,824,128,747 (0.75% ▲) Total Supply: 589,342,704,328,839 TOKENS BURNT Past 24Hrs: 342,020,540 (301.46% ▲) Past 7 Days: 1,872,812,412 (-56.5% ▼)— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1695284989909139723?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 26, 2023</a> 
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Meanwhile, about 1,872,812,412 SHIB has been burned over the past week, which was a 56.5% decrease from the previous seven days. This data from Shibburn could suggest that community support for the meme coin is picking up again. Given the recent <a href="https://coinedition.com/pepe-whale-takes-advantage-of-meme-coins-current-discount/" rel="noopener noreferrer nofollow">selloff that Pepe (PEPE)</a> experienced, investors most likely jumped ship and bought into SHIB as well. … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/shiba-inus-burn-rate-skyrockets-by-over-300-in-24-hours/">Shiba Inu’s Burn Rate Skyrockets By Over 300% In 24 Hours</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Shiba Inu’s Burn Rate Skyrockets By Over 300% In 24 Hours

Coin Edition

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