The Shiba Inu’s daily burn rate is seen to grow by 535%, per the shiburn website. Eight transactions totaling 8,107,271 SHIB tokens were destroyed in the last 24 hours.
The day prior, six transactions totaling 1,275,013 SHIB tokens were burned, resulting in a sharp rise in the SHIB burn rate.
In the meantime, almost a quarter of a billion SHIB tokens had burnt during the previous seven days. In 66 transactions during the last seven days, 259,383,545 SHIB tokens have been burnt, according to Shiburn.
Quarter Billion SHIBs Burned: Shiba Inu’s Burn Rate Surges by 535%,Quarter Billion SHIBs Burned: Shiba Inu’s Burn Rate Surges by 535%
In the final day of the block data, there was a 2.62 trillion SHIB decrease in the amount of Shiba Inu transactions. The entire amount of transactions that have been logged on the chain is determined by the Transaction amount indicator.
1.33 trillion SHIB worth of transactions were made in the last 24 hours. Whale activity is indicated by high transaction volumes, which usually include transactions valued over $100,000.
As of this writing, SHIB was trading at $0.000008, up 1.7% over the previous day. Bulls drove the price up from the November 3 low of $0.00000763, and Shiba Inu once again hit the psychological milestone of $0.000008.
The daily moving average (MA) 50 and 200 are where Shiba Inu is now trading; a break in either direction might signal the start of a new uptrend.
On the plus side, bulls in Shiba Inus will find it difficult to sustain the rally from the $0.00000825 level to $0.00001134.
Shibarami Scam Alerts has issued another warning to the Shiba Inu community, stating that there is an increase in fraudulent sites and NFT drops that ask users to link their cryptocurrency wallets in order to redeem funds.
Quarter Billion SHIBs Burned: Shiba Inu’s Burn Rate Surges by 535%,Quarter Billion SHIBs Burned: Shiba Inu’s Burn Rate Surges by 535%,Quarter Billion SHIBs Burned: Shiba Inu’s Burn Rate Surges by 535%, Shiba Inu coin Crypto news, Shiba Inu coin News