SHIB Burn Rate Skyrockets 30,000%: Will SHIB Price Survive?
According to recent news about SHIB Price Survive, in the last 24 hours, Shiba’s Inu rate has risen by over 30,000%. Ultimately overcoming the SHIB burns deficit of the previous several days. After a wallet burned more than 2 billion Shiba Inu tokens, the burn rate for SHIB significantly increased.
Key Takeaways:
- In the previous 24 hours, Shiba Inu burn rates skyrocketed 30,000%.
- Blaze’s token-linked wallet burned $2 billion SHIB.
- After a massive SHIB burn, Blaze token burned nearly 5 billion BLZE tokens.
- CultPunks NFT fulfilled its promise of 2% purchase back and burning 246 million SHIB.
- Surpassing all the meme coins such as Shiba Inu and Floki, PEPE has recorded $264 million in trading, in the last 24 hours.
- PEPE Witnessed amazing hype after beating Shiba Inu and Floki regarding the trading volume.
Moreover, the wallet linked to the Blaze token burned $2 billion SHIB. This caused the trader to immediately respond to the rising price of Shiba Inu. Amid the buzz surrounding competing meme coin PEPE will Shiba Inu recover from the ongoing downfall in trading volume?
In the last 24 hours, 2,259,598,377 Shiba tokens (SHIB) burned in 6 transactions, according to the Shib burn portal. Major wallets are burning SHIB to reduce the available supply to 574.12 trillion. This results in the burn rate for SHIB increasing by 30,940%.
Moreover, after swapping Ethereum (ETH), a wallet belonging to Blaze token burned 2,005,265,274 SHIB. Earlier, Blaze token pledged to burn billions of SHIB tokens. After a massive SHIB burn, it also burned nearly 5 billion BLZE tokens.
CultPunks NFT fulfilled its promise to 2% purchase back and burned 246 million SHIB. It will also transfer 1% to Shytoshi Kusama Women in Blockchain fund.
Pepe Coin (PEPE) is witnessing our amazing hype. In terms of trading volumes, it beat major meme coins such as Floki and Shiba Inu. PEPE has recorded $264 million in the last 24 hours in trading volume, surpassing all meme coins.
After a 500% rally in a week, in the last 24 hours, the PEPE price is $0.000001073, 16% down. At the same time, in the last 24 hours, the price of SHIB jumped 1% to $0.00000994 with a trading volume of $91 million.
Crypto Influencers & Platforms Awestruck by News: See Their Reactions
DOME took to Twitter and made an announcement that in the last 24 hours, the burn rate for Shiba Inu increased by 30,000% as two projects burned billion of SHIB. Will the price of SHIB increase?
STCK.PRO took to Twitter and made an announcement that the burn rate of Shiba Inu skyrocketed over 30,000% in the previous 24 hours. Finally, this increase came after the shortfalls of SHIB burn in the last few days.
EPIC Investments took to Twitter and made an announcement about the 30,000% rise in the burn rate of Shiba Inu in the last 24 hours.
In the previous 24 hours, the burn rate of Shiba Inu skyrocketed 30,000% after a shortfall in the last few days. This rise came after the wallet burned 2 billion Shiba Inu tokens.
Blaze token linked wallet burned 2,005,265,274 SHIB after swapping Ethereum. Moreover, Pepe Coin is witnessing amazing publicity after beating major meme coins Floki and Shiba Inu in trading.