Shiba

Burn

Shiba Inu

<div class="watcher-guru">
 <p>Shiba Inu, a notable meme coin and the second largest in the cryptocurrency market has garnered significant attention. The development team has been actively engaged in initiatives like the Shiba Inu Burn Rate program, reflecting their dedication to the coin’s progress.</p>
 <p>The Shiba Inu burn rate has been subject to fluctuations, with some days witnessing higher numbers while others show a decline. However, in recent times, the burn rate has displayed relative stability, with a consistent daily burning of millions of SHIB.</p>
 <p><strong>Also read:&nbsp;Polygon (MATIC) Price Prediction: October End 2023</strong></p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p>According to the latest details from Shibburn, the SHIB burn rate has surged by 407% amidst positive market conditions.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="364" height="307" src="https://cdn.thebittimes.com/images/2023/10/25/f1fad9af5a503e41db3566958b0853a9.webp" alt class="wp-image-116943" srcset="https://cdn.thebittimes.com/images/2023/10/25/f1fad9af5a503e41db3566958b0853a9.webp 364w, https://cdn.thebittimes.com/images/2023/10/25/f1fad9af5a503e41db3566958b0853a9.webp 300w" sizes="(max-width: 364px) 100vw, 364px">
 </figure>
 <h2 class="wp-block-heading" id="h-shib-burn-rate-soars-by-400">SHIB Burn rate soars by 400%</h2>
 <p>Shibburn data shows that 142.8 million SHIB have been sent to dead wallets in the last 24 hours. Several small and large transactions contributed to the rise in the burn rate during this period.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p><strong>Also read:&nbsp;Shiba Inu Price Prediction (SHIB): October End 2023</strong></p>
 <p>The spike in the burn rate has provided the SHIB community with relief from the slumping burn rate. The surge in burn rate comes at a time when Shiba Inu is performing better in comparison to the past few weeks.</p>
 <p>CoinMarketCap data shows that SHIB is trading at $0.000007583, with a 4.3% surge in value over the last 24 hours.</p>
 <ul></ul>
 <p></p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-burn-rate-spikes-400-amid-positive-price-trajectory-tbt67625.html">https://thebittimes.com/shiba-inu-burn-rate-spikes-400-amid-positive-price-trajectory-tbt67625.html</a></p>

Shiba Inu Burn Rate Spikes 400% Amid Positive Price Trajectory

Table of Contents

TheBitTimes

Other articles published on Oct 24, 2023

MET Token Listed

BlackRock’s Bitcoin Trust disappears from the DTCC list!

Comparing Blockchain Consensus Mechanisms: PoW, PoS, DPoS, & LPoS

Bitcoin (BTC) Price Analysis: Bulls Stampede To 35157 – 25 October 2023

Solana Co-Founder: Spam Accounts Spread Fake Exploit News

Best Crypto to Buy Now October 23 – Fantom, Aave, THORChain

Join our free newsletter for daily crypto updates!