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Shiba Inu reserves plunge to record lows – Are holders moving to cold storage?

AMBCrypto LogoAMBCrypto13h ago

Shiba Inu reserves plunge to record lows – Are holders moving to cold storage? - AMBCrypto

Quick Summary:

The downward trend is even more pronounced when analyzing historical data.

Just days earlier, another major burn saw 503.3 million SHIB destroyed, including 459.3 million SHIB in a single transfer, pushing the burn rate up 27,660%.

Over the past 24 hours, SHIB’s daily burn rate skyrocketed by a massive 49,552%, with 13.29 million SHIB permanently removed from circulation, as reported by Shibburn.

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Shiba Inu reserves plunge to record lows – Are holders moving to cold storage? - AMBCrypto (Picture 1)Shiba Inu reserves plunge to record lows – Are holders moving to cold storage? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Ritika Gupta

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 11:00:12 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 27147252

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 13 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

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The story "Shiba Inu reserves plunge to record lows – Are holders moving to cold storage?" has 563 words across 35 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Shiba Inu reserves plunge to record lows – Are holders moving to cold storage?" was covered 13 hours ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 13 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #27147252
  • URL: https://chronographically.beamstart.com/news/shiba-inu-reserves-plunge-to-17422961403773

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