Could it be that the SHIB Burn Rate Up is not just a rumor but an actual fact? Recent developments suggest a positive correlation between the burn rate of Shiba Inu’s meme coins and their price. Over the last 24 hours, there has been a surge in the number of SHIB coins being transferred to unspendable or “dead” wallets, coinciding with a 9.24% price jump.
Increased Burn Rate and Rising Prices
According to the Shibburn tracker, the SHIB community has reportedly moved almost 30 million SHIB coins to unspendable wallets in the last 24 hours. This burn rate has seen a 21.8% increase, locking away a total of 28,865,778 meme coins forever. The most significant burn transaction transferred 6,855,028 SHIB to a dead wallet just about 12 hours ago.
Throughout the week, the SHIB burn rate has shown impressive performance, often rising significantly and rarely dipping into the red zone. This positive trend has been accompanied by a price surge of over 9.24% in the past 24 hours. The second-largest meme coin is currently trading at $0.00000947 on Binance.
LEASH Coin Gets a New Listing
Meanwhile, Shiba Inu’s LEASH coin has been listed on the StealthEX custody-free exchange based in the Cayman Islands, as announced by the official SHIB account. The coin, also known as Doge Killer, is currently trading at $530, up by almost 10% in the last 24 hours. This comes just a month after LEASH was listed on the major exchange, Bitrue.
SHIB’s lead developer, Shytoshi Kusama, describes LEASH as a token that “protects the community and offers exclusivity.” It is part of the Shibarium trifecta, along with Shiba Inu (SHIB) and Bone ShibaSwap (BONE). While SHIB is the ecosystem’s main token, BONE is the governance token of the ShibaSwap DEX and is used to pay gas fees on the Shibarium Layer-2 blockchain.
Stay Updated with cryptoview.io
As these developments unfold, it’s crucial to stay updated on the SHIB burn rate and other cryptocurrency trends. A reliable resource for this is cryptoview.io, a comprehensive platform that provides real-time data and analysis on various cryptocurrencies.
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With the SHIB Burn Rate Up, it will be interesting to see how this impacts the coin’s overall performance and value in the coming days. Keep an eye on this space for more updates.
