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Meme coin Shiba Inu (CRYPTO: SHIB) has seen a massive 7,400% increase in its weekly burn rate, with around 2 billion tokens being destroyed. This significant development has sparked renewed optimism about SHIB's price potential.
The Shiba Inu development team has successfully implemented an emergency security upgrade for the Shibarium bridge.
Shiba Inu price, a widely recognized meme coin, has experienced a notable price surge over the past month. The increase follows the U.S. elections, which saw positive sentiment ripple through cryptocurrency markets.
Shiba Inu is making progress in reducing its total supply, as the SHIB burn rate has increased by a staggering 486% over the last 24 hours, with 1.4 billion SHIB tokens permanently removed from circulation by being sent to dead wallets.
The Shibarium bridge for Shiba Inu (SHIB), which enables interactions between the blockchain and other networks, is undergoing a security upgrade.
Shytoshi Kusama, the enigmatic lead of the Shiba Inu team, has triggered a mixed reaction from the SHIB community with what seems to be a sarcastic tweet about SHIB burns.
A meme coin is giving its community members something to look forward to during this yuletide season, filling the air with excitement as the year end draws near. Shiba Inu gave crypto investors a teaser that the token is preparing for a giveaway event to its members during the Christmas season.
Crypto surge looms as five emerging coins show promise to rival SHIB's success and reshape the market. #partnercontent
Market watchers are once again eyeing Shiba Inu price optimistically, primarily attributable to the latest SHIB burn data. Notably, burn statistics on Saturday indicated a whopping 7,400% uptick in the crypto's weekly burn rate, as roughly 2 billion coins were destroyed.
Shiba Inu (SHIB) is capturing market attention as it consolidates at a critical level following an impressive 80% rally from recent lows. The meme-inspired cryptocurrency has shown remarkable resilience, and its current price action suggests a potential breakout at an aggressive pace if it can push above key resistance levels.
The broader crypto market has witnessed a massive surge in the Shiba Inu burn rate, with the metric skyrocketing by 2,296% in just one day. This remarkable surge reflects the community's desire to decrease the overall supply of Shiba Inu and possibly induce a price increase.
On-chain data reveals Shiba Inu faces a pivotal moment as 76 trillion SHIB holders hover near critical price points. A breakout above $0.000027 could spark a rally, but profit-taking looms if support falters.
Mysterious Shiba Inu lead developer Shytoshi Kusama has shared that he plans to give the second-largest meme coin utility and take it to the top five list of cryptocurrencies.
Bitcoin price struggles to overtake $100,000, but the predictable price action is creating a path forward for many altcoins.
Shiba Inu (SHIB), a leading meme coin, has gained notable traction this month, riding on a wave of market optimism. Over the past year, SHIB's value has surged by an impressive 200%, highlighting its resilience and strong community backing.
Kaal Dhairya, a key figure in the Shiba Inu (SHIB) ecosystem, strongly believes in the long-term sustainability of the meme-inspired cryptocurrency, suggesting that SHIB will continue to thrive for the next 20 years.
On-chain data indicates intriguing dynamics that may determine Shiba Inu's future course, indicating that the species is at a turning point. The data indicates that addresses holding positions within a narrow price range account for about 76 trillion SHIB.
According to the data provided by Shibburn, over the past day, the SHIB community managed to dispose of a mammoth amount of SHIB, which surpasses one billion meme coins.
A major Shiba Inu whale has once again sparked noteworthy market intrigue as it was recorded heavily bagging the meme token on Friday. Notably, on-chain data showed that the trader significantly increased his holdings to $21.72 million worth of SHIB after one month of inactivity.
A widely followed cryptocurrency trader and analyst is turning bullish on a competitor to Dogecoin (DOGE) and Shiba Inu (SHIB) while offering his forecast for Bitcoin (BTC) and the decentralized finance (DeFi) altcoin Jupiter (JUP).
As Shiba Inu's trading volume falls to alarming levels, the company finds itself at a turning point. A declining volume may halt any upward momentum for the token by indicating a lack of confidence among traders in addition to posing liquidity issues.
Shiba Inu (SHIB) has been garnering significant attention from traders and analysts as it forms a symmetrical triangle on its 4-hour chart. This chart pattern, often associated with periods of indecision, raises questions about whether SHIB will break out to higher levels or experience a breakdown below key support levels.
Shiba Inu lead developer Shytoshi Kusama has set a bold vision to take SHIB into the top five cryptocurrencies by 2025. In a major milestone, the community burned 61.4 million SHIB in 24 hours, sending the burn rate surging by over 5,500%.
SHIB burn rate jumps 5545% overnight! Will rising burns and new Binance tools drive prices up?
