Shiba Inu (SHIB) Price Rises Despite Market Volatility

Shiba Inu (SHIB) Price Rises Despite Market Volatility


Shiba Inu (SHIB), the dog-themed cryptocurrency, has seen a substantial increase in its burn rate, increasing 489%.

Check out what hints that SHIB is on the verge of a bull run despite the adverse market trends.

Despite market turbulence, the Shiba Inu crypto continues to capture attention, fueled by an unprecedented burning frenzy within its community. In the face of price dips and a broader crypto market crash, the SHIB community is intensifying its efforts to burn SHIB tokens, driving a surge in burn rates.

In a remarkable market maneuver, the Shiba Inu community has executed a massive 64,201% increase in its token burn rate, permanently removing 657 million SHIB from circulation amid a broader market downturn. Shiba Inu Community Executes Massive Burn Amid Market Decline, Withdraws 657 Million Tokens In a recent report by U.Today, Shiba Inu, a dog-themed cryptocurrency, has experienced an astounding 64,201% increase in burn rate, with a total of 657 million SHIB permanently withdrawn from circulation.

Shiba Inu (SHIB), the dog-themed cryptocurrency, has experienced a sudden and unexpected surge, jumping 8% in price in a reversal that has caught the attention of traders and investors.

Crypto News & Headlines

MicroStrategy Significantly Grows Bitcoin Holdings In Q1 And April


MicroStrategy Inc. fell short of estimates in its Q1 financial results, impacting its stock in extended trading. However, the company's increased accu

Trending on 29th April 2024 10:40 PM

EigenLayer To Airdrop EIGEN Tokens To Stakers With 15% Allocation.


EigenLayer recently announced a stakedrop plan where 15% of Eigen tokens will be distributed gradually, along with a significant allocation of tokens

Trending on 29th April 2024 09:11 PM

Stripe Boosts Crypto Presence Through Avalanche Integration


Stripe has integrated with Avalanche, allowing users to buy AVAX directly through their mobile app or Web3 apps, simplifying access to the Avalanche e

Trending on 29th April 2024 06:13 PM

Hong Kong Set For Record-breaking Debut Of Crypto ETFs


Hong Kong is set to launch spot cryptocurrency ETFs, with high anticipation and projections of exceeding US market figures. The global interest in Bit

Trending on 29th April 2024 05:04 PM

Crypto Investment Outflows Continue As BlackRock Bitcoin ETF Records No Inflows


The recent Coinshares report shows consecutive weeks of outflows totaling $435 million in cryptocurrency investment products, marking one of the large

Trending on 29th April 2024 04:44 PM