Shiba Inu’s Massive Burns With Burn Rate Shooting 2,814%

Shiba Inu (SHIB)

The post Shiba Inu’s Massive Burns With Burn Rate Shooting 2,814% appeared first on Coinpedia Fintech News

Shiba Inu witnessed a massive burn of 7,912,388 SHIB tokens as the burn rate shot up to 2814%. At least 3 wallets were prominently featured in the burn rate jump, contributing more than 1 million SHIB each to the dead wallet. The biggest wallet helped incinerate a total of 4,320,587 SHIB. While Shiba Inu is currently within the broader digital currency ecosystem, it is gradually faring better. Its daily trading volume surged by 33.35% to $624,883,442 in the last 24 hours, reflecting a mild recovery.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

post-thumbnail
Tornado Cash Co-Founder Released From Prison, Plans to Focus on Appeal
The post Tornado Cash Co-Founder Released From Prison, Plans to Focus on Appeal appeared first on Co...
READ MORE
post-thumbnail
Coinbase Adds POPCAT, PENGU and MORPHO Tokens to Listing Roadmap
The post Coinbase Adds POPCAT, PENGU and MORPHO Tokens to Listing Roadmap appeared first on Coinpedi...
READ MORE
post-thumbnail
Franklin Templeton Updates Crypto ETF Filing, Eyes Future Token Additions with SEC Approval
The post Franklin Templeton Updates Crypto ETF Filing, Eyes Future Token Additions with SEC Approval...
READ MORE
post-thumbnail
Maryland Introduces ‘Strategic Bitcoin Reserve Act’ in Push for State Crypto Adoption
The post Maryland Introduces ‘Strategic Bitcoin Reserve Act’ in Push for State Crypto Adoption a...
READ MORE
default post thumbnail
Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move?
Ethereum experienced one of the most aggressive sell-offs in its history on Monday, plunging 25% in ...
READ MORE
default post thumbnail
Dogecoin Starts Out February with 23% Crash, What Does Historical Data Point To?
The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE ...
READ MORE
Read more posts