Burn

Shiba Inu

Billion

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
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

Table of Contents

U_Today

Другие статьи, опубликованные 24 сент. 2023 г.

Is Ripple's XRP Dream Of A New All-Time High Doomed For 5 More Years? Bombshell Prediction Sparks...

5 Smart Contract Cryptos That Are Likely To Peak In September

Drastic Call For Crypto Industry Overhaul

John Reed Stark highlights SEC-DOJ disparity in crypto enforcement

Meta to Introduce AI Chatbot Characters to Attract Younger Users

Bitmain Rolls Out Coupons for Loyal Customers, Fuels Excitement at WDMS 2023

Join our free newsletter for daily crypto updates!