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Shiba Inu Burn Rate Sees Major 600% Jump In Only 24 Hours, Will SHIB Price Follow Suit? - Overpasses For America

Summary by overpassesforamerica.com

Este artículo también está disponible en español. On-chain data has unveiled an impressive surge in the Shiba Inu burn rate, skyrocketing by more than 600% in just one day. This sharp rise in token burns indicates a growing interest in decreasing the overall supply of SHIB. Moreover, it has raised the possibility that the SHIB price could follow suit, as increased token burn often influences a cryptocurrency’s price movements. Shiba Inu Burn Ra…

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overpassesforamerica.com

Shiba Inu Burn Rate Sees Major 600% Jump In Only 24 Hours, Will SHIB Price Follow Suit? - Overpasses For America

1 month ago

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Crypto News

Shiba Inu (SHIB) Sees Remarkable 612% Burn Rate Surge: What Lies Ahead?

The Shiba Inu (SHIB) token recently recorded an extraordinary 612% surge in its burn rate, showcasing a significant reduction in circulating supply. While this figure is impressive, its impact on SHIB’s price movement is intricately linked to broader market demand and trading volume dynamics. Key Support Level at $0.0000197 For SHIB, holding the critical support […]

1 month ago

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Bitcoin Ethereum News

Shiba Inu burn rate hits 612% - Is SHIB's bearish momentum fading?

The post Shiba Inu burn rate hits 612% – Is SHIB’s bearish momentum fading? appeared on BitcoinEthereumNews.com. SHIB’s burn rate surged by 612%, amounting to over 3.2 million tokens. Memecoin’s bearish pressure faded, with the Long/Short Ratio showing reduced selling momentum. After dipping by over 20% in the last week, Shiba Inu’s [SHIB] bearish momentum has finally started to wane. The memecoin had started approaching a key support level at $…

1 month ago

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http://coinprofitnews.com

SHIB Burn Rate Rises 612% as Bearish Momentum Eases Near Key Support Level

Shiba Inu’s (SHIB) recent burn rate increases significantly, indicating a potential shift in market dynamics amid waning bearish pressures. The memecoin has shown resilience as trading volume and community engagement

1 month ago

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