• Shiba Inu (SHIB) recently burned 7,658,708 tokens, resulting in a price surge.
• Shibburn reported that two transactions took place in the burn – 6,658,708 SHIB tokens transferred to the dead wallet and 1,000,000 tokens burned.
• At the time of writing, trading price of Shiba Inu is around $0.000008147 with an increase of 1.92% in the past 24 hours.
Shiba Inu (SHIB) Aims to Expand Its Reach in the Crypto Market
Shiba Inu (SHIB), the popular memecoin has been making headlines in the crypto market for its recent significant burns. According to Shibburn report, 7,658,708 Shiba Inu tokens were burned in the last 24 hours which involved two transactions – firstly 6,658,708 SHIB tokens transferred to a dead wallet and secondly 1 000 000 Shiba Inu tokens were burnt. This enormous burn resulted in a price surge with trading price of SHIB being around $0.000008147 and an increase of 1.92% in last 24 hours according to CoinMarketCap data.
Price Surge After Token Burn
The burn rate has increased curiosity among investors and made them pay attention to SHIB’s performance on cryptocurrency market as it resulted in a significant price surge for this memecoin token: trading price being around $0.000008147 with an increase of 1.92% over last 24 hours at the time of writing this article according to CoinMarketCap data.
Shibburn reported that there are 7 658 708 Shiba Inu tokens were burned during last 24 hours which included two transactions – 6 658 708 SHIB tokens transferred to dead wallet and 1 000 000 Shiba Inu token burnt.. This was seen as a positive indicator by investors as it could potentially result into further growth for this meme coin on cryptocurrency market .
Continuous Token Burn
The continuous token burn had raised questions among crypto community but also served as a positive indicator that could potentially influence further growth for this meme coin on cryptocurrency market due to increasing demand from investors who see potential behind memecoin’s performance on crypto market..
Overall this article highlights how Shiba Inu (SHIB) is aiming to expand its reach in crypto market through its recent significant token burns which resulted into a price surge making it attractive for investors who are looking into investing into cryptomarket assets with potential returns..