Shiba

Token

Bitcoin ETF

Shiba Inu

WazirX

<ul>
 <li>Shiba Inu boasts a vibrant community and a respectable market cap.</li>
 <li>The flagship memecoin has maintained its uptick in token burn rate.</li>
 <li>Surging network activity supports Shiba Inu’s potential for growth.</li>
</ul>
Shiba Inu, one of the most recognized leaders in the memecoin ecosystem, boasts a vibrant community and a respectable market capitalization. Reports suggest that if it were to capture half of Bitcoin ETF inflows, the native token (SHIB) could surge over 9,400% to reach $0.001477 from its current price of $0.00001625.
Apart from community activity, the Shiba Inu team’s sustained token burn program is a significant factor in the project’s recent success. Despite the Ethereum ETF launch’s recent dominance in the crypto market, Shiba Inu maintained its uptick in the token burn rate, announcing a 482% spike in 24 hours.
Data from Shibburn, the portal used to facilitate the burn process, shows the project burned 60,380,203 SHIB between July 22 and July 23, bringing the total number of SHIB burned in the preceding week to 135,026,217. This reflects a 27.66% increase in Shiba Inu’s weekly burn rate.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.0000172 (1hr 0.00% ▼ |…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/wazirx-hack-fails-to-deter-shiba-inu-token-burns-and-network-activity-defy-expectations/" rel="noopener noreferrer nofollow">WazirX Hack Fails to Deter Shiba Inu: Token Burns and Network Activity Defy Expectations</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

WazirX Hack Fails to Deter Shiba Inu: Token Burns and Network Activity Defy Expectations

Coin Edition

Các bài viết khác được xuất bản trên 25 thg 7, 2024

ASIC Market Undergoes Significant Repricing Amid Bitcoin Halving Impact

RBI, SEBI Collaborate To Develop India Crypto Policy, Paper Due In Q3

What is Duko Memecoin?

Mystiko Network accused of insider trading in second airdrop

Musk Empire Game Crossed 13 Million Users on Telegram

During the Notcoin Reward Campaign, MOONHOP Emerges as Top Crypto Presale, Surpassing BlockDAG in...

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!