Shiba Inu, one of the most prominent meme coins functioning atop Ethereum, once again curated a tidal wave of frenzy across the global crypto realm on Tuesday, following a substantial surge noted by the token’s burn rate. Notably, market charts unveiled by Shibburn showcased a 281.21% upswing in the SHIB burn rate today, nabbing significant attention among crypto market enthusiasts.
With a whopping 6.64 million coins incinerated in the past 24 hours, the Shiba crypto community appears to be propelling market optimism for their token. Meanwhile, following James Powell’s speech on unchanged interest rates recently, the meme coin traded with quite the volatility within the broader crypto market in recent days, as witnessed by many other cryptos. However, Shiba Inu bounced back after support at $0.0000085 held steadily, potentially paving the way for a breakout beyond $0.00001.
Shiba Inu Burn: In-Depth Report
According to the burn tracker Shibburn, the number of tokens burnt from Shiba
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