Shiba

Burn

Ignite

Shiba Inu

Coin

<ul class="news-points">
 <li><strong>SHIB’s burn rate soars by 75% in 24 hours, removing 49 million tokens from circulation.</strong></li>
 <li><strong>Despite the burn rate surge, SHIB’s price remains stagnant at $0.0000070.</strong></li>
 <li><strong>Negative momentum and selling pressure shadow SHIB, affecting market confidence and activity.</strong></li>
</ul>
<p>In a recent report, <a href="https://coinedition.com/tag/shiba-Inu-SHIB/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has seen its burn rate soar by over 75% within 24 hours. Significantly, this means 49 million SHIB tokens are now permanently out of circulation, as confirmed by data from Shibburn.</p>
<h2 class="wp-block-heading" id="h-price-stagnation-amidst-surging-burn-rate"><a></a><strong>Price Stagnation Amidst Surging Burn Rate</strong></h2>
<p>However, despite this remarkable burn rate growth, SHIB’s price remains relatively unmoved. Besides, it’s closely tethered to the crucial support level of $0.0000070. This lack of volatility echoes the current sentiment of the broader crypto market, mainly Bitcoin’s (BTC) movement.</p>
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   <p lang="en" dir="ltr">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.00000723 (1hr 0.16% ▲ | 24hr -0.47% ▼ )<br>Market Cap: $4,259,485,087 (-0.53% ▼)<br>Total Supply: 589,339,392,895,097<br><br>TOKENS BURNT<br>Past hour: 2,671,046 (2 transactions) <br>Past 24Hrs: 50,430,344 (61.06% ▲)<br>Past 7 Days: 426,377,516 (-41.81% ▼)</p>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1709871094226735398?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 5, 2023</a>
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<p>Furthermore, negative momentum has ruled the Shiba Inu …</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/shib-burn-rate-soars-75-in-24-hours-will-price-ignite-or-fizzle-out/">SHIB Burn Rate Soars 75% in 24 Hours: Will Price Ignite or Fizzle Out?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SHIB Burn Rate Soars 75% in 24 Hours: Will Price Ignite or Fizzle Out?

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