SHIB burning rate surged by 4000%, with 8.6 billion SHIB removed from circulation in the past seven days
According to CryptoPotato, in the past seven days, the burning rate of Shiba Inu has surged by 4000%, removing over 8.6 billion SHIB from circulation to increase its scarcity and value. Despite the significant increase in burning rate, the price of SHIB has only experienced a slight change, dropping by 2% within 24 hours but with a weekly increase of 9%.
Shiba Inu's Layer-2 solution Shibarium has made significant progress, surpassing 2 million blocks and nearly 150 million transactions, improving the competitiveness of Meme coins by reducing fees and accelerating transaction speed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
European cyclical stocks may see a rebound! Citi makes a major statement: The worst may be over, autumn is the perfect time to invest
Beata Manthey, Head of European Equity Strategy at Citigroup, stated that after a challenging period, European cyclical stocks—which are closely related to the health of the economy—now offer a rather attractive entry point.
Goldman Sachs cuts ADTRAN stake to 3.9% from 5.95% voting rights disclosure shows
British Pound pulls back from session highs as BoE Bailey tames rate hike hopes
Zcash Surges Above $1,000 to a New All-Time High
Crypto prices
More
