Shiba

April

Dogecoin

Million

Shiba Inu

<p>After a meteoric rise in March, the Shiba Inu cryptocurrency is stabilizing. Despite this, SHIB supporters remain confident about a future bull run. To reverse the trend, a significant token burn was carried out, resulting in a 64,000% increase.</p>
<h2 id="h-shibburn-the-flame-that-ignites">Shibburn: The Flame that Ignites</h2>
<p>In March, Shiba Inu caused a sensation <strong>by climbing to $0.000036 per piece</strong>, a level not seen since December 2021. Two months prior, in October 2021, it had reached <strong>its all-time high at $0.000086</strong>.</p>
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<p>The volatility, however, took its toll on the meme cryptocurrency. To remedy this, the passionate supporters of SHIB proceeded to <strong>massively burn tokens</strong>, reports <a href="https://u.today/shiba-inu-burn-rate-skyrockets-64000-as-shib-price-hints-at-rebound" target="_blank" rel="noopener noreferrer nofollow">U°Today</a>.</p>
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     <p lang="en" dir="ltr">BREAKING: Shiba Inu Burn Rate Skyrockets by 64,201%, 657 Million <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> Vanish. <a href="https://t.co/oiVbpSY9un" rel="noopener noreferrer nofollow">pic.twitter.com/oiVbpSY9un</a></p>— Shiba Inu News (@ShibalnuNews) <a href="https://twitter.com/ShibalnuNews/status/1779840888602050763?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 15, 2024</a>
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<p>Despite the storm stirring the cryptocurrency market, <strong>Shibburn is skyrocketing</strong>, with a spectacular increase of <strong>over 64,000% in Shiba Inu’s burn rate</strong> over the last 24 hours. In one day, more than 657 million SHIB cryptos were burnt to ashes, bringing the total to an impressive amount of 410,725,564,272,084.</p>
<p>This burning frenzy demonstrates the <strong>solid commitment of the SHIB community</strong> to reduce the token supply and strengthen its deflationary nature, even during turbulent market periods.</p>
<p>While cryptocurrencies undergo major price fluctuations, Shibburn defies the trend by accelerating its burns. <strong>Eleven transactions in one day</strong> obliterated 658,082,956 SHIB, thus reducing the total supply to 410,725,555,674,170.</p>
<h2 id="h-we-won-t-back-down">We Won’t Back Down!</h2>
<p>Despite the recent shocks in the crypto market, SHIB seems determined to <strong>gain ground</strong>. After <strong>three days of turbulence between April 11 and 13</strong>, marked by a <strong>drop of 26.71%,</strong> the dog-inspired cryptocurrency managed to stabilize, but remains under the $0.00002 mark. A rise at the beginning of the month had raised hopes, but it quickly crumbled, leaving a bearish trend in its wake.</p>
<p>The Shiba Inu, which had been growing rapidly recently, <strong>almost rivaling Dogecoin in market capitalization</strong>, has not been spared the blowback from the depressed market. The current SHIB on-chain signals are mostly negative, reflecting the uncertainties over the future of this cryptocurrency.</p>
<p>Yet, the SHIB army does not waver. Lucie, a prominent marketing specialist on the Shiba Inu team, recently sent out a tweet brimming with optimism, reaffirming the team’s commitment to Shibarium. “We won’t stop,” she hammered.</p>

Crypto SHIB on Fire: Burning Rate Over 64,000%!

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