Millions of ShibaInu destroyed, while the $SHIB price showed a gradual rise. shibburn WhaleStats
This took the burn rate of the second largest meme coin by market capitalization's value up to slightly under 100%.In a recent tweet, the aforementioned source stated that within the period of the past 24 hours, a total of 27,164,707 SHIB was moved to dead-end addresses, where they were locked up permanently. Destroying this lump of Shiba Inu took the community 10 transactions. The burn rate went up by over 60%.
The so-called burning process helps to decrease the circulating amount of tokens, thus making the remaining ones more scarce. This may impact the price of the token positively, making it go up if the majority of tokens were burned.Another recently published tweet shows that prominent meme token Shiba Inu has again interested the top ETH whales as it has returned to the list of the top 10 cryptocurrencies that have been most popular with buyers over the last 24 hours.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SHIB Burn Rate Sinks as Shiba Inu Price Continues to Stay in RedShibaInu burn rate has plunged in response to recent $SHIB performance. shibburn
Read more »
Shiba Inu (SHIB) Golden Cross Happening Despite Price Drop: What's Next?$SHIB successfully delivered the golden cross signal, but price might remain in same place
Read more »
Shiba Inu (SHIB) Burn Rate Rises 140% as Kusama Says 'Shibarium Is Ready'ShibaInu burn rate soars 140% on the recent Shibarium news. shibburn
Read more »
Shiba Inu (SHIB) Lead Dev Shares Invitation to Shibarium, But There's a CatchShiba Inu $SHIB lead developer Shytoshi Kusama invites everyone to Shibarium shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn shibaswap bone $bone
Read more »
68% of Shiba Inu (SHIB) Order Volume on Market Are Buys, Data Shows$SHIB is getting heavily pushed upward, but investors should keep in mind that it could be temporary
Read more »
Shiba Inu (SHIB) Lead Dev: 50 Projects Backed off From Shibarium After ThisShytoshi Kusama claims that app builders have begun rejecting Shibarium after promising to build on it
Read more »