CandleFocus Shiba Inu Burn Rate Skyrockets 486% as 1.4 Billion SHIB Vanishes
2024-11-30
Author: Content Editor
Shiba Inu, a cryptocurrency token, has seen a significant increase in its burn rate, with 1.4 billion tokens permanently removed from circulation in the last 24 hours. This represents one of the largest single-day reductions in supply in recent weeks and shows strong community participation. Additionally, there has been notable whale activity in Shiba Inu, with a 396.38% increase in large transaction volume. Despite the burns, the impact on price depends on other market factors. Shiba Inu is currently trading in a symmetrical triangle pattern and could rally to $0.000030 if it breaks above the triangle or fall to $0.000020 if it breaks below.
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