Shiba Inu

<p><em><strong>When talking about meme coins like Shiba Inu in the cryptocurrency world, investors often compare it to DOGE. The excitement this Saturday morning was because there was a big increase in how many tokens were being burned compared to last week.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>People noticed when 42.05 million SHIB tokens were moved to a burn wallet. This shows that the Shiba crypto community is working hard to make SHIB’s tokenomics better.</p><h3 id="shiba-inu-coin-continues-positive-momentum-with-increased-burn-rate">Shiba Inu Coin Continues Positive Momentum with Increased Burn Rate</h3><p>As the <a href="https://cryptosheadlines.com/shiba-inu-surpasses-dogecoin-pepe-coin-as-79m-tokens-burned-in-24-hours/" rel="noopener noreferrer nofollow">burning of Shiba Inu coin</a> continues to accelerate, the outlook remains positive, reflecting the uptick in burn rate. This steady yet encouraging upward trend underscores the significant backing from the <a href="https://cryptosheadlines.com/crypto-trader-spends-120k-in-fees-to-acquire-156k-worth-of-meme-coin-four/" rel="noopener noreferrer nofollow">meme coin</a> community.</p><p>Analysts in the cryptocurrency space uphold their optimism about SHIB’s short-term price trajectory, noting a gradual ascent in Shiba Inu’s price movement at the time of writing.</p><blockquote>According to Shibburn, a platform tracking SHIB burns, 42.05 <a href="https://cryptosheadlines.com/four-trillion-shib-tokens-worth-32-million-moved-to-binance-will-shib-price-crash/" rel="noopener noreferrer nofollow">million SHIB tokens</a> were transferred to a dead wallet on February 24th. This transaction led to a noteworthy 55.17% surge in the daily burn rate and a substantial 113.62% increase on a weekly basis.</blockquote><p>The increasing <a href="https://cryptosheadlines.com/shib-burn-rate-accelerates-price-continues-to-struggle-in-the-red-zone/" rel="noopener noreferrer nofollow">burn rates further reinforce the bullish sentiments within the SHIB</a> community. It’s worth noting that the community has already burned 410.70 trillion SHIB from the initial supply, yet the circulating supply remains at 581.44 trillion SHIB.</p><p>Additionally, an exciting development surfaced in the <a href="https://cryptosheadlines.com/shibariums-success-3-4-million-transactions-brighten-shib-ecosystems-future/" rel="noopener noreferrer nofollow">SHIB ecosystem</a> with the launch of SHEboshi’s DN404 test token, which sold out within hours, sparking enthusiasm among community members.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="shiba-inu-s-price-and-recent-developments">Shiba Inu’s Price and Recent Developments</h3><p>As of the time of writing, Shiba Inu’s price has seen a modest increase of 0.28% over the last 24 hours, trading at $0.00000953. This uptick reflects the latest developments within the community, including the heightened burn rate and the rapid sell-out of SHEboshi tokens.</p><p><a href="https://cryptosheadlines.com/solana-meme-coin-wif-surges-16-as-sol-price-eyes-110/" rel="noopener noreferrer nofollow">Also Read:   Solana Meme Coin WIF Surges 16% as SOL Price Eyes $110</a></p><p>The positive performance observed last month may have laid the groundwork for a <a href="https://cryptosheadlines.com/shiba-inu-shib-burn-rate-surges-235-potential-price-surge/" rel="noopener noreferrer nofollow">potential price surge for SHIB</a> in a bullish market environment. After surpassing the $0.000010 level on February 16th, the token experienced a notable rise, only to retrace in line with the broader market movement.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Shiba Inu Coin Burns Lots of Tokens to Improve Token Value

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 24, 2024

Crypto VC Makes 50% Returns as DeFi Tokens Surge

Dogecoin Falls Out Of Top 10 Crypto, Are Meme Coins No Longer A Threat?

Battle Of The Crypto Presales – Scapes Mania, Doge Uprising and Sponge V2

Kraken Crypto Exchange Moves To Dismiss The Case Filed Against It By The US SEC

Why Is Polkadot (DOT) Price Up? Analyst Spots “Bearish Harmonic Pattern”

XRP Community Eyes Potential Shift Amid Market Signals

Join our free newsletter for daily crypto updates!