Shiba Inu Burn Rate Jumps 800%, SHIB Price Recovery Looms?

Quick Summary:

Shiba Inu burn rate again surged by a remarkable 800% on Monday, sparking slight investor optimism despite the recent market slump ahead of FOMC.

Roughly 6 million tokens were removed from the dog-themed meme coin’s circulating supply in the past 24 hours.

Notably, renowned crypto market analyst Ali Martinez revealed that the $0.0000185 to $0.0000212 range stands as the most critical support zone for the token.

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Category: Crypto

Markets: India

Topics: Altcoin News 24/7 Cryptocurrency News Shiba Inu (SHIB) Shiba inu burn Shib burn Shib burn rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 08:07:29 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 25492949

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