Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Shiba Inu (SHIB) Meme Coin Burn Rate Increases Mildly Amid Recent Rally

Shiba Inu (SHIB) Meme Coin Burn Rate Increases Mildly Amid Recent Rally

CointimeCointime2023/10/28 13:39
By:Cointime

The burn rate of the Shiba Inu (SHIB) meme coin has seen a slight increase this week, with 307 million tokens burnt in the past seven days. Despite a sharp decline in burn rate over the past 24 hours, the community remains optimistic about the future of SHIB, with new projects and partnerships expected to increase token transactions. The recent rise in SHIB token burn is seen as a positive sign for traders and enthusiasts, although the coin's price has only seen a 10% upside move amid a larger rally in meme coins. Currently, SHIB is trading at $0.00000781, down nearly 2% in the past 24 hours.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Skipped Bitcoin Cash? Qubetics ($TICS) Could Be Your Redemption Ticket – Top Cryptos for Significant Returns

The crypto market has been on fire lately. With the spotlight shifting to new and innovative blockchain projects, everyone’s eyes are on which cryptos will make waves this year.Bitcoin Cash: A Missed Opportunity for Significant ReturnsQubetics: Revolutionizing Digital Finance with Real-World Asset TokenizationConclusion: Time to Act on Qubetics

Coinomedia2025/03/16 14:33

BTC Short Position by ETH Whale Nears $332M

A crypto whale boosts their BTC short position to $332M, facing losses and potential short squeeze risk.Whale Boosts BTC Short Position Amid Market VolatilityRisk of Liquidation LoomsStrategic Buy Orders Placed

Coinomedia2025/03/16 14:33

Pakistan Launches Crypto Council Led by Finance Minister

Pakistan forms Crypto Council to boost blockchain and crypto adoption, chaired by Finance Minister Muhammad Aurangzeb.Pakistan Takes a Bold Step Toward Crypto AdoptionFinance Minister to Lead the InitiativeFocus on Innovation and Financial Inclusion

Coinomedia2025/03/16 14:33

Trump Crypto Project WLFI Buys AVAX, MNT for $4M

Trump-linked crypto project WLFI buys $4M worth of AVAX and MNT, total investment hits $340M with $115M in unrealized losses.WLFI Adds AVAX and MNT to Crypto Portfolio$340M Invested Across 11 TokensHeavy Losses Despite Market Activity

Coinomedia2025/03/16 14:33