Shiba Inu Community Burns Meme Coins to Reduce Supply

The Shiba Inu community is conducting an intense burning activity to reduce the circulation of meme coins. According to Shibburn data, the burning rate in the last 24 hours showed an increase of 162.85%, burning more than 16 million Shiba Inu coins in nine transactions. This situation could strengthen Shiba Inu’s market position and increase its competition with rival Dogecoin. Burning Activities are Increasing The largest burning transfers include millions of SHIB, while other transactions carrying large amounts of SHIB were also made. It is expected that these burnings will affect the price of SHIB. Uncertainty Continues for SHIB Price While the price of SHIB showed a small increase in the last 24 hours, it then experienced a decline. The addition of SHIB-based trading pairs by Nexo created some optimism, but overall, the SHIB price is generally on a downtrend. SHIB Price Could Rise Some analysts and SHIB team members […]

Shiba Inu Community Burns Meme Coins to Reduce Supply

The Shiba Inu community is conducting an intense burning activity to reduce the circulation of meme coins. According to Shibburn data, the burning rate in the last 24 hours showed an increase of 162.85%, burning more than 16 million Shiba Inu coins in nine transactions. This situation could strengthen Shiba Inu’s market position and increase its competition with rival Dogecoin.

Burning Activities are Increasing

The largest burning transfers include millions of SHIB, while other transactions carrying large amounts of SHIB were also made. It is expected that these burnings will affect the price of SHIB.

Uncertainty Continues for SHIB Price

While the price of SHIB showed a small increase in the last 24 hours, it then experienced a decline. The addition of SHIB-based trading pairs by Nexo created some optimism, but overall, the SHIB price is generally on a downtrend.

SHIB Price Could Rise

Some analysts and SHIB team members predict that the price of Shiba Inu could reach record levels after the Bitcoin halving event. Lucie, SHIB’s official marketing leader, shares the same optimism.

Shibarium Activities are Increasing

The Shibarium ecosystem is experiencing significant developments in transaction volume and wallet count on Shibariumscan explorer. However, the daily transaction numbers are currently remaining stable at low levels.

Useful Information for Readers

The Shiba Inu community has increased burning operations to reduce meme coin supply.
The burning rate showed an increase of 162.85% in the last 24 hours.
Fluctuations in SHIB price continue to depend on market dynamics.
Analysts expect a rise in Shiba Inu price after the Bitcoin halving.
While the Shibarium ecosystem strengthens, daily transaction numbers remain stable at low levels.

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