Market Cap: $2,773,951,335,975
24h Vol: $115,615,338,702
Cryptocurrencies: 30063
Markets: 114491
Cryptocurrencies: 30063
Markets: 114491
Market Cap: $2,773,951,335,975     
24h Vol: $115,615,338,702
Coin-turk.com 2023-07-02 19:55:43

Surprising Surge in SHIB Coin Burn Rate Amid Stagnant Market

Surprising Surge in SHIB Coin Burn Rate Amid Stagnant Market
As the leading cryptocurrency Bitcoin (BTC) continues to hover above the $30,000 level, Shiba Inu (SHIB) experienced a significant event and change. The amount of tokens burned in the Shiba Inu network doubled, despite a decrease in volume over the weekend. The burned SHIB amount doubled, astonishing investors with an incredible 150% increase. So, what change will this situation create for the SHIB Coin price? SHIB Token Burn Rate Increased Token burning can be described as sending a specific number of tokens from circulation to unusable addresses or unsupported networks. This generally leads to a decrease in circulation and can cause a price increase when demand rises. The event observed this weekend is therefore quite significant. A possible rise in the price of each remaining token can be expected with a lower total supply. However, this requires an increase in demand for SHIB. Looking at the latest published data, it […] The post Surprising Surge in SHIB Coin Burn Rate Amid Stagnant Market appeared first on COINTURK NEWS.
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