Shiba

Burn

Dogecoin

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inus-burn-rate-skyrockets-fueling-price-surge/" data-wpel-link="internal">Shiba Inu’s Burn Rate Skyrockets, Fueling Price Surge</a><br></p>
<p style="text-align: justify">The meme coin <strong><a href="https://en.coin-turk.com/shiba-inu-burn-rate-surges-despite-market-downturn/" data-wpel-link="internal">Shiba</a> Inu</strong> has seen its burn rate increase by 840%, stirring excitement among crypto enthusiasts. On the other hand, the meme coin, dubbed the <a href="https://en.coin-turk.com/value-increase-surpasses-20-altcoin-not-slowing-down-in-the-rally-exceeds-critical-level/" data-wpel-link="internal">Dogecoin</a> killer, saw its price jump over 70% in just 24 hours, marking a significant price movement. This rally brought SHIB to a price level not seen in the last two years and also drew meme coin aficionados into the market.</p> 
<h2 style="text-align: justify" id="shiba-inu-burn-rate-soars">Shiba Inu Burn Rate Soars</h2> 
<p style="text-align: justify">According to data provided by Shibburn, the Shiba Inu burn rate has increased by a massive 840%. In the last 24 hours, 35.30 million SHIB tokens were burned, removing them from circulation and indicating an uptick in token burn activity.</p> 
<p style="text-align: justify">Considering the rarity of such significant increases in the past, this points to a broader optimism within the Shiba Inu community. Meanwhile, wallet addresses like 0xd52…bb80d, 0xf82…f4f9f, and 0x94f…50f16 played a major role in the token burns, highlighting the community’s efforts to reduce SHIB’s circulating supply once again.</p> 
<p style="text-align: justify">The increase in SHIB burns presents a notable outlook for the price dynamics and investor sentiment of SHIB. Continuing this process will be important to achieve stability in the market and long-term sustainability.</p> 
<h2 style="text-align: justify" id="shib-price-skyrockets">SHIB Price Skyrockets</h2> 
<p style="text-align: justify">The recent price movement has propelled the SHIB price to a new peak, unseen in the last two years. Moreover, this price action has moved Shiba Inu ahead of leading market projects like Tron (TRX) and <a href="https://en.coin-turk.com/chainlink-forms-strong-support-zone-as-whales-accumulate/" data-wpel-link="internal">Chainlink</a>, placing it at the 11th position.</p> 
<p style="text-align: justify">Investors are now seeking the answer to one question: Can SHIB maintain its rally momentum? Alongside the supporting burn rate, a series of new developments are also speculated to impact the price.</p> 
<p style="text-align: justify">Meanwhile, at the time of writing, the Shiba Inu price had increased by 30.32%, trading at $0.00002182. The trading volume over the last 24 hours was at $5.91 billion. Additionally, the price reached $0.00002319 in the last 24 hours, showing an approximate 130% increase over the past week.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-322160" src="https://coin-turk.com/wp-content/uploads/2024/03/shib-kac-dolar-oldu.png" alt="" width="1567" height="891"></p> 
<p style="text-align: justify"><strong>CoinGlass</strong> provided analysis of SHIB derivatives shows that the Shiba Inu Open Interest rate has risen by 83.33%, reaching $77.97 million, indicating a strong market expectation for SHIB’s price increase.</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-inus-burn-rate-skyrockets-fueling-price-surge/" data-wpel-link="internal">Shiba Inu’s Burn Rate Skyrockets, Fueling Price Surge</a></h5>

Shiba Inu’s Burn Rate Skyrockets, Fueling Price Surge

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