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Shiba Inu

<p>The burn rate of popular meme coin Shiba Inu saw notable growth this week after a single transaction destroyed over 8,349,338,139 SHIB, accounting for 99% of all coins burned in the past day. The accelerated reduction of token supply points to bullish price outlooks.</p>
<p>According to SHIB burn aggregator <a href="https://www.shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">Shibburn</a>, more than 8.3 billion SHIB were burned over the last 24 hours. The massive figure represents a 7,686,774% explosion in daily burn activity.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="840" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-1024x840.png" alt="" class="wp-image-391593" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-1024x840.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-300x246.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-767x629.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-1536x1260.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-2048x1680.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-183x150.png 183w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-100x82.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-427x350.png 427w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103-788x646.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-103.png 239w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Behind this figure was one transaction alone, burning 8.24 trillion <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> 11 hours ago. Overall, 410 trillion SHIB have now been permanently removed from circulation through community-led efforts.</p>
<p>The Shiba Inu burn initiative allows SHIB holders to send tokens to dead-end wallets, reducing circulating supply. Lower supply, paired with steady demand appreciation, can boost prices based on tokenomics principles.</p>
<p>SHIB has already gained 11.6% in the past week amid renewed hype, now trading at $0.00000909. If burn momentum escalates from whales and collectors ramping up burns, SHIB could see increased scarcity that enables it to delete another zero and surge toward $0.00001 in the months ahead.</p>
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<p>For burn proponents, the 8 billion token burn could mark a crucial tipping point, ramping up burns exponentially should it inspire followers to do the same. Accelerated reductions in SHIB floats could pave the way toward retesting its historic high.</p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-burn-rate-skyrockets-by-7686774-as-shib-surges-11-what-caused-the-spike-in-burn-rate/" rel="noopener noreferrer nofollow">Shiba Inu Burn Rate Skyrockets by 7,686,774% as SHIB Surges 11%: What Caused the Spike in Burn Rate?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu Burn Rate Skyrockets by 7,686,774% as SHIB Surges 11%: What Caused the Spike in Burn Rate?

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