Shiba

Token

Million

Shiba Inu

<ul class="news-points"> 
 <li>Shiba Inu (SHIB) surged 3% in the early hours of Wednesday.</li> 
 <li>Token burn announcement triggered the latest spike in SHIB’s price.</li> 
 <li>Shiba Inu burned over 11 million SHIB in the past 24 hours.</li> 
</ul> 
Shiba Inu (SHIB), the popular memecoin, experienced a 3% surge in the early hours of Wednesday, prompting speculation among investors and analysts about a potential sustained price rally. 
The price surge saw SHIB jump from an opening price of $0.00001774 to $0.00001806, according to TradingView <a href="https://www.tradingview.com/x/hZaLm9JA/" target="_blank">data</a>. 
A closer observation revealed that many crypto and memecoin users believe a recent SHIB burn announcement may have triggered or contributed to the noticeable rally in the memecoin’s price. In a recent post on X, Shibburn revealed that Shiba Inu burned over 11 million SHIB in the past 24 hours. 
According to Shibburn, the Shiba Inu burn rate skyrocketed over 6,000%, with a single address burning approximately 8.56 million SHIB across multiple transactions. The memecoin project executed the recent burn exercise across ten wallet addresses. 
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 In the past 24 hours, there have been a total of 11,071,373 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SHIB</a> tokens burned and 10 transactions. Visit <a href="https://t.co/t0eRMnyZel" target="_blank" rel="nofollow">https://t.co/t0eRMnyZel</a> t…
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The post <a href="https://coinedition.com/shiba-inu-burns-11-million-shib-sparking-price-surge-and-investor-interest/">Shiba Inu Burns 11 Million SHIB, Sparking Price Surge and Investor Interest</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Burns 11 Million SHIB, Sparking Price Surge and Investor Interest

Coin Edition

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