Shiba Inu （SHIB） sees a 781% increase in burn rate and a significant price recovery, reflecting strong community support.
Points
- Shiba Inu burn rate surged by 781% in the past 24 hours.
- SHIB price increased by up to 16%.
- Over 18 million SHIB tokens were burned.
- SHIB is trading at $0.0000164.
Shiba Inu （SHIB） has experienced a remarkable recovery, marked by a dramatic 781% increase in its burn rate and a significant price surge. According to Shibburn X, over 18 million SHIB tokens were burned in the last 24 hours, contributing to the substantial increase in the daily burn rate. This positive development has coincided with a 16% jump in SHIB’s price, currently trading at $0.0000164.
The surge in both burn rate and price reflects the strong support and positive sentiment within the Shiba Inu community. This community-driven effort to reduce the supply of SHIB tokens has likely played a crucial role in driving up the token’s market value.
解説
- The significant increase in Shiba Inu’s burn rate demonstrates the community’s proactive efforts to enhance the token’s value by reducing supply.
- A 781% surge in burn rate is a notable achievement, contributing to a healthier market for SHIB by lowering the number of tokens in circulation.
- The 16% price increase following the burn rate surge indicates strong market confidence and investor interest in Shiba Inu.
- The community’s active participation in the burn mechanism showcases the collective effort to bolster SHIB’s market position and potential future growth.