Saturday, March 25, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Dogecoin (DOGE)

Shiba Inu Leads Meme Coins Rally; SHIB Burn Rate Breaches 1300%

news by news
January 9, 2023
in Dogecoin (DOGE), Meme cryptocurrency, News, SHIB, Shiba Inu (SHIB), United States
0
Shiba Inu Leads Meme Coins Rally; SHIB Burn Rate Breaches 1300%
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Shytoshi Kusama Confirms Unification Addition In Shibarium Docs

Terra Luna Classic Controversial Proposal To Burn 235B LUNC From Community Pool

Shiba Inu Burn news

Shiba Inu News: Shiba Inu burn rate has registered a surge of over 1390% in the last 24 hours, depicts the data shared by the SHIB burn website. The enormous burn rate is related to both the projected debut of the Layer-2 blockchain system Shibarium early this year and the return of whales.

According to the data on Shibburn website, a total of 410,384,426 SHIB tokens have been burnt in the last 24 hours. This number is an increase of 1395.89% from the previous day’s burn rate. There have been major 4 transactions that led to the increase in the number.

Shiba Inu increases by 4.44% in the last 24 hours following the burn. Each SHIB token is at 0.000008793 USD. Shiba Inu BurnSource: coinmarketcap

SHIB Burn Continues

There has been an increase in SHIB burn rate from the last month. During the bear market, the whales were selling off Shiba Inu tokens. However, now they seem to be returning back as the market situation is getting better.

The massive burn will lead to jumping in the prices as there will be fewer tokens circulating. In an effort to reduce the supply of the meme crypto, one transaction shows a burn of 14,999,999 SHIB tokens.

By observing clues from core developer Shytoshi Kusama and the official Twitter handle of the Shiba Inu ecosystem, SHIB Army predicts the debut of Shibarium in the early months, of this year.

Dogecoin Jumps Over 4%

The other meme crypto, Dogecoin is seeing a massive jump of 4.66% in the last 24 hours. Each DOGE token is costing 0.07506 USD. trading volume is up by 139.31% as compared to the previous day.

BONK, the first meme crypto on Solana blockchain, dips by 18.28% in the last 24 hours. Trading volume is down by 6.55%. The launch of BONK had been responsible for increasing the price of Solana token in the past week.

The post Shiba Inu Leads Meme Coins Rally; SHIB Burn Rate Breaches 1300% appeared first on CoinGape.

Related Posts

Shytoshi Kusama Confirms Unification Addition In Shibarium Docs
Altcoin News

Shytoshi Kusama Confirms Unification Addition In Shibarium Docs

March 24, 2023
Terra Luna Classic Controversial Proposal To Burn 235B LUNC From Community Pool
24/7 Cryptocurrency News

Terra Luna Classic Controversial Proposal To Burn 235B LUNC From Community Pool

March 24, 2023
Just In: Gary Gensler Lobbied In UK, Canada For Tightening Crypto Rules
24/7 Cryptocurrency News

Just In: Gary Gensler Lobbied In UK, Canada For Tightening Crypto Rules

March 24, 2023
Coinbase VP Hints At Other Countries Filling ‘Crypto’ Vacuum Left By US
Altcoin News

Coinbase VP Hints At Other Countries Filling ‘Crypto’ Vacuum Left By US

March 24, 2023
Binance Resumes Spot Trading After Temporary Maintenance
Altcoin

Binance Resumes Spot Trading After Temporary Maintenance

March 24, 2023
Breaking: Nasdaq To Offer Crypto Custody Services Soon Despite Regulatory Burden
24/7 Cryptocurrency News

Breaking: Nasdaq To Offer Crypto Custody Services Soon Despite Regulatory Burden

March 24, 2023
Next Post
XRP Bull Run Ahead? 480 MIllion XRP Moved By Whales

XRP Bull Run Ahead? 480 MIllion XRP Moved By Whales

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Crypto Market Loses $60 Billion; Bitcoin Crash Under $20K; What’s Happening?

Crypto Market Loses $60 Billion; Bitcoin Crash Under $20K; What’s Happening?

March 10, 2023
Stargate Finance (STG) Surges 15% On Binance Completing Contract Swap

Stargate Finance (STG) Surges 15% On Binance Completing Contract Swap

March 18, 2023
Just In: Apple Cofounder’s Huge Prediction About Metaverse Fun

Just In: Apple Cofounder’s Huge Prediction About Metaverse Fun

February 9, 2023
Will Bitcoin Price Revisit $18k? Is $25k Next For BTC Price?

Will Bitcoin Price Revisit $18k? Is $25k Next For BTC Price?

January 17, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In