Markets· ★★· neutral·

Shiba Inu Burn Rate Jumps 6,847% as 297 Million SHIB Burned

  • —297.68 million SHIB burned in 24 hours, burn rate up 6,847.52%
  • —Single transaction burned 297.57 million SHIB; Uniswap, Coinbase, Robinhood added more
  • —394.28 million SHIB burned over 7 days, weekly burn rate up 1,821.15%
  • —SHIB trades at $0.000005893, down 0.95% in 24 hours
Why it matters: Reduced supply could support SHIB's price, but the market awaits Fed minutes, capping upside.
#SHIB
Source: U.Today
More on this
Markets · Sep 28
Shiba Inu Burn Rate Collapses Over 91% in a Day
 Markets · Sep 25
Single Wallet Drives 90% of Shiba Inu Burns in 24 Hours
 Markets · Sep 22
Shiba Inu (SHIB) Breaks $50 Million Volume Barrier on Single Exchange