Shiba

Burn

Pepe

Shiba Inu

Zero

<p>The post <a href="https://coinpedia.org/news/shiba-inus-burn-rate-soars-1411-as-one-zero-vanishes-from-shib-price/">Shiba Inu Burns Surge: 1411% Price Explosion Sheds Zero from Price</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu (SHIB)</a>, the meme-inspired cryptocurrency, has witnessed an astounding 1411% surge in its burn rate within the last 24 hours, resulting in the removal of an impressive 61 million SHIB tokens from circulation. </p> 
<p>This surge has not only captured the attention of the SHIB community but has also led to the removal of one zero from its price, sparking interest in the wider crypto community.</p> 
<h2 class="wp-block-heading" id="h-shiba-s-burn-rate-spikes">Shiba’s Burn Rate Spikes </h2> 
<p>Data from <a href="https://www.shibburn.com/">Shibburn</a> reveals a staggering 1411% increase in Shiba Inu’s burn rate, eliminating 61 million SHIB tokens within the past day. This unexpected surge in burning has spurred discussions within the SHIB community, with the burn rate consistently staying negative throughout the day.</p> 
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 <img decoding="async" width="877" height="773" src="https://image.coinpedia.org/wp-content/uploads/2024/01/30143710/Shiba-Inu-Burn-Rate.png" alt="" class="wp-image-265377" srcset="https://image.coinpedia.org/wp-content/uploads/2024/01/30143710/Shiba-Inu-Burn-Rate.png 877w, https://image.coinpedia.org/wp-content/uploads/2024/01/30143710/Shiba-Inu-Burn-Rate-300x264.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/01/30143710/Shiba-Inu-Burn-Rate-768x677.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/01/30143710/Shiba-Inu-Burn-Rate-150x132.png 150w" sizes="(max-width: 877px) 100vw, 877px">
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<p>Notable, two wallets, with addresses <a href="https://www.shibburn.com/btx/0xf8791b439e502c67202cc8b8131c2da20d8756a8742ca7c9f209377e125ccbb3">0xf8791b43…ccbb3</a> and <a href="https://www.shibburn.com/btx/0x0327cb7f7aaabb222c756d6dfc82578af6bbf08e00a1b08db502e1b7e9676c9f">0x0327cb7f…76c9f</a> played a big part in a massive burn, using up 27 and 21 million SHIB tokens in one transaction. This significant burn has played a crucial role in the recent advancement of the SHIB burn rate.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/shib-price-escapes-the-wedge-to-play-eyes-25-hike/">SHIB Price Escapes The Wedge To Play, Eyes 25% Hike</a></p> 
<h2 class="wp-block-heading" id="h-achieving-milestones">Achieving Milestones</h2> 
<p>Amidst the burning excitement, an unprecedented total of 410.7 trillion <a href="https://coinpedia.org/price-analysis/dogecoin-or-shiba-inu-which-memecoin-will-drop-a-zero-from-its-value-first/">SHIB tokens</a> have been permanently removed from the initial supply. As the Shiba Inu burn excitement continues, the price is on the cusp of a historic moment—poised to shed one more zero and briefly touch the $0.00001 mark.</p> 
<p>This significant milestone, eagerly awaited by the SHIB community, evokes a mix of hope and doubt within the crypto world.</p> 
<p><strong>Current Snapshot</strong></p> 
<p>As of now, the Shiba Inu price has gone up by 3.89% in the last 24 hours, trading <a href="https://markets.coinpedia.org/shiba-inu/">at $0.000009323</a>. The trading volume has shot up by 52.89%. Additionally, the recent price jump has bumped up the ranking of this meme-based crypto token to 19th place, boasting a market cap of $5.4 billion.</p> 
<h2 class="wp-block-heading" id="h-understanding-meme-coins">Understanding Meme Coins</h2> 
<p>Looking at other meme coins, Dogecoin (DOGE), the first in this category, sits at the 11th spot with a <a href="https://markets.coinpedia.org/dogecoin/">price of $0.08128</a>. It has seen a slight 0.1% increase in the last hour but showed a 3.9% increase over the past seven days, boasting a market cap of $11.6 Billion.</p> 
<p>Other players like <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">Bonk (BONK)</a> saw a significant <a href="https://markets.coinpedia.org/bonk1/">17.1% increase</a> over the week, while CorgiAI (CORGIAI) had a modest 0.6% weekly growth. <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/">Pepe (PEPE)</a> and Dogwifhat (WIF) show different trends, emphasizing the unpredictable nature of meme coins.</p> 
<p>Did You Know? <a href="https://coinpedia.org/price-analysis/solanas-meme-coin-wen-skyrockets-trader-nets-1-6-million-gain-in-14-hours/">Is Solana’s Meme Coin WEN the New Shiba Inu? Traders Record Gains in Millions</a></p>

Shiba Inu Burns Surge: 1411% Price Explosion Sheds Zero from Price

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