Shiba

Burn

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-coin-experiences-remarkable-burn-rate-increase/" data-wpel-link="internal">Shiba Inu Coin Experiences Remarkable Burn Rate Increase</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/shiba-inus-shibarium-a-promising-layer-2-solution-to-boost-shibs-price/" data-wpel-link="internal">Shiba</a> Inu, a leading meme coin, has witnessed an incredible increase in burn rates, with reports indicating that more than 410.7 trillion of its maximum supply has been burned since its inception. Additionally, a recent impressive surge of 4200% has brought Shiba Inu back into the spotlight, capturing the attention of cryptocurrency investors.</p> 
<h2 style="text-align: justify" id="shiba-inu-is-ablaze">Shiba Inu is Ablaze</h2> 
<p style="text-align: justify">The Shiba Inu burn rate, calculated by the well-known tracker Shibburn, saw an unbelievable increase of 4240.91% as of yesterday, with 15.71 million SHIB tokens burned in the last 24 hours, garnering investor interest.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-307325" src="https://coin-turk.com/wp-content/uploads/2024/01/shiba-inu-yakim-4240.png" alt="" width="709" height="321"></p> 
<p style="text-align: justify">The popularity of SHIB among cryptocurrency investors is not solely attributed to its status as a meme coin, but also seems to be supported by strategic actions.</p> 
<p style="text-align: justify">Looking at past burns, it is evident that a significant portion of Shiba Inu’s total supply has been permanently removed from circulation.</p> 
<p style="text-align: justify">As of the time of writing, it is known that more than 410.7 trillion SHIB tokens have been removed from circulation, and there are no signs of a slowdown in the burn rate.</p> 
<p style="text-align: justify">The burns that occurred in the last 24 hours were carried out by various wallets. A closer look at the highest burns reveals that one wallet burned 7.33 million SHIB, another burned 5.57 million SHIB, and a third address was responsible for burning 1.25 million SHIB.</p> 
<p style="text-align: justify">The burns conducted by different wallets also suggest that various investors may be contributing to SHIB’s progress.</p> 
<h2 style="text-align: justify" id="how-much-is-shiba-inu-worth">How Much is Shiba Inu Worth?</h2> 
<p style="text-align: justify">Despite the over 4000% increase in burns, a price drop in SHIB was observed at the time of writing. The price of Shiba Inu was trading at $0.000008827, down 1.08% in the last 24 hours.</p> 
<p style="text-align: justify">On the other hand, the trading volume also decreased by 14% to $88.56 million in the last 24 hours. The lowest value of SHIB token during this period was $0.000008755, while the highest was $0.000008982.</p> 
<p style="text-align: justify">Market analysts believe that if SHIB price can surpass the initial resistance of $0.00001, it may potentially increase in value. If this level is exceeded, a move to $0.000015 could begin. Successfully passing both resistances could also pave the way for SHIB to reach $0.00003.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inu-coin-experiences-remarkable-burn-rate-increase/" data-wpel-link="internal">Shiba Inu Coin Experiences Remarkable Burn Rate Increase</a></h5>

Shiba Inu Coin Experiences Remarkable Burn Rate Increase

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