Burn

Shiba Inu

Billion

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Shiba Inu's weekly <a href="https://twitter.com/shibburn/status/1705794956672053469" rel="noopener noreferrer nofollow">burn rate</a> saw a mild uptick as more SHIBs were burned in the last seven days. 
Specifically, the Shiba Inu weekly burn rate grew by 37.14%, according to a graphical representation posted alongside a tweet by the Shibburn initiative. 
<blockquote> 
 In the last 7 days, there have been a total of 782,347,341 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> tokens burned and 75 transactions. <a href="https://twitter.com/hashtag/shib?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#shib</a> <a href="https://t.co/mPoNk8c7kv" rel="noopener noreferrer nofollow">pic.twitter.com/mPoNk8c7kv</a>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1705794956672053469?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 24, 2023</a> 
</blockquote> 
In the last seven days, a total of 782,347,341 SHIB tokens were burned in 75 transactions. This amounts to $5,797 in dollar value. 
Shiba Inu only saw over half a billion, or 570,455,129 SHIB, in the week before this one. With 782 million SHIB burned in the week just concluded, Shiba Inu saw a rise of 212 million tokens burned compared to the week before. 
Meanwhile, the daily burn rate is down nearly 67%, suggesting a decline in the amount of SHIB burned daily. In the last 24 hours, only 79,598,642 SHIB tokens were burned in 11 transactions, amounting to only a meager $589. 
<h2 id="shiba-inu-volumes-jump-100">Shiba Inu volumes jump 100%</h2> 
According to <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data, Shiba Inu trading volume has risen 100% in the last 24 hours as traders continue to bet on the SHIB price. 
A total of 18,780,662,117,246 SHIB, amounting to $138 million, were swapped in the last 24 hours, leading to an increase in trade volumes. 
Shiba Inu saw a spike to highs of $0.0000077 on Sept. 23, consolidating on the gains from the day before; however, bulls could not sustain the tempo. 
At the time of writing, SHIB had eased some of its intraday gains and was marginally up in the last 24 hours to $0.0000073. 
<a href="https://u.today/shiba-inu-shib-might-see-shocking-reversal-details" rel="noopener noreferrer nofollow">Shiba Inu</a> remains in a trading range; a break above the daily moving averages 50 and 200, located at $0.0000082 and $0.0000088, might signal a breakout from this range. 
The daily RSI slightly below the 50-neutral level might suggest that bulls might take more time to consolidate before launching the next major move.

Shiba Inu Weekly Burn Rate Rises as Under 1 Billion SHIB Are Burned

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