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Shiba Inu Witnesses Massive 1300% Increase In Burn Rate

CryptoExpert by CryptoExpert
November 10, 2024
in Finance
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Can Ethereum Price Rally to $3,000?

Could ICP Price Rally 315% From Here?

Is the 10-Year ETH/BTC Downtrend Finally Breaking?

According to data from Shibburn, on November 9, the burn rate of Shiba Inu showed a 1323.66% increase, resulting from the destruction of 34.91 million tokens. As a result of this significant rise in the burn rate, the total supply of the meme token has decreased to 589.26 trillion SHIB.  110.64 million coins were burned over the past seven days. The whale activity supports optimism for SHIB’s future price movements. This situation continues to provide a positive outlook for the memecoin.



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