Shiba Inu Token Sees Massive Burn Spike, Minor Price Impact
📉
Shiba Inu (SHIB) experienced a notable increase in its token burn on August 11, 2023. Despite this significant burn, the price impact of SHIB was limited, and the token continued to maintain a bearish trend.
According to reports, the spike in token burns usually aims to reduce the overall supply, theoretically increasing the token's value. However, the limited price impact suggests that other market factors may be influencing SHIB's price.
This event has caught the attention of investors and market analysts, who are closely monitoring SHIB to see if future burns might lead to a more substantial price impact.
Source: en.coinotag.com ↗
Похожие статьи (63)
Important Shiba Inu Metric Shoots Up 1250% in 24 Hours—Will SHIB Delete a Zero from Its Price Heading into September?
Shiba Inu Burn Rate Surges 28,145% as Dormant Coinbase Wallet Burns 96M SHIB
Shiba Inu’s 1251% Burn Rate Spike: A Bullish Future?
Shiba Inu Community Burns 681 Million SHIB in August
Shiba Inu Sees 20% Burn Rate Drop Amid Low Shibarium Activity
Shiba Inu Burn Rate Soars 404%: Can it Trigger a Trend Reversal?
Shiba Inu Burn Rate Stagnates Despite Large-Scale Incineration
Shiba Inu Burn Rate Skyrockets: Will SHIB Price Rebound Last?
Shiba Inu Burn Rate Soars 340% Amid Surprising Price Movement
Shiba Inu’s Burn Rate Drops by 100%, What Is Going On?
Shiba Inu Burn: Here’s How Many SHIB Tokens Were Incinerated In August 2024
Shiba Inu Sees Largest SHIB Burn In 2 Months: Here’s What Happened
Shiba Inu Undeterred By Market Crash As Burn Rate Surges 404%
Shiba Inu Burn Rate Spikes 1,088% In One Day, But It’s Not All Good News
Shiba Inu Burning Slow: Can SHIB Ptice Break $0.000015?
Shiba Inu Weekly Burn Rate Spikes, What’s Next For SHIB Price?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
Shiba Inu Burn Rate Soars
Shiba Inu Burn Spikes 1000%, SHIB Price Set For 50% Rally?
SHIB Witnesses 1,088% Surge In Token Burns, Price Shoots Up
Shiba Inu burns rise, but this is why SHIB remains below crucial levels
Shiba Inu burn rate peaks: Assessing market impact
Shiba Inu Coin Burn Rate Blows Up 2000%, What’s Next For SHIB Price?
SHIB Burn Rate Surges 14500%, Can Shiba Inu Coin Reach $0.001?
Shiba Inu Burn Rate Boosts Price Surge
Shiba Inu Burning Rate Surges 1251%, SHIB Shows Bullish Signals
SHIB burn rate surges by 3348% – Will this push Shiba Inu to $0.00002?
SHIB Burn Shoots Up Over 8000%, Is Shiba Inu Coin Primed To Pump?
Shiba Inu Burns 100 Million Tokens in a Day
Examining the impact of Shiba Inu’s latest burn portal on SHIB’s price
Kraken’s update, soaring burn rates, et al. – How high can SHIB really go now?
Shiba Inu Burn Shoots Over 28,000%, SHIB Price To Pump Ahead?
SHIB Burn Rate Explodes: Prices to Turn Bullish?
1000% Surge in Shiba Inu Burn Rate Sets SHIB Price on Bullish Path
Shiba Inu Community Drives Significant Price Surge with Increased Burn Rates
Shiba Inu’s Burn Rate Increase Excites Crypto Community
Shiba Inu Burns 100 Million Tokens in 24 Hours
SHIB Burn Rate Hits a Standstill: What’s Causing the Freeze in Shiba Inu Activity?
Shiba Inu (SHIB) Burn Rate Surges by 38,199,412%, Sparking Market Caution
Shiba Inu (SHIB) Eyes Possible Rally Amid Increased Shibarium Transactions and Soaring Burn Rate
SHIB Burn Rate Surges by 8000% Fueling Optimism Despite Price Dip
SHIB Price Skyrockets as Shiba Inu Token Burns Surge by 1,088%
Shiba Inu Burn Rate Explodes by 140,000% with New Shibarium Mechanism
Shiba Inu’s [SHIB] Burn Rate Soars 4430% After Shibarium Hard Fork: Is a Price Surge Imminent?
Shiba Inu (SHIB) Burn Rate Skyrockets by 4,411.52%, Sparking Price Reaction
Shiba Inu Faces Bearish Reversal Despite 3500% Burn Rate Spike
Shiba Inu’s Burn Rate Skyrockets by Over 38 Million Percent: What It Means for Investors
Shiba Inu Launches Shib Torch Burn Portal, Boosts SHIB Burn Rate by 44%
Shiba Inu (SHIB) Burn Portal Launch Boosts Burn Rate by 43% in 24 Hours
Shiba Inu’s (SHIB) Price Plummets 26% in 30 Days Amid Dwindling Burn Rate
Shiba Inu (SHIB) Burn Rate Soars Over 28,000%, Igniting Optimism in the Crypto Market
SHIB Burn Rate Freezes: Insights on Shiba Inu’s Anniversary and Shibarium’s Future
Massive SHIB Burn Surge: Shiba Inu Community Boosts Daily Burn Rate by Over 1,250%
SHIB Community Achieves 790% Weekly Burn Surge Amid Price Drop: What’s Next for Shiba Inu?
Shiba Inu (SHIB) Skyrockets with a 28,145% Burn Rate Surge While Prices Fluctuate
Shiba Inu’s SHIB Surge: ShibTorch Ignites Automatic Burn on Shibarium
Shiba Inu (SHIB) Burn Rate Soars 244%: 389.5 Million Tokens Removed, Fueling Bullish Projections
SHIB Reclaims Second Place in Meme Coin Social Activity Amid Declining Burn Rate
Shiba Inu (SHIB) Sees Surge in Burn Rate Amid Community Vote on ETH Allocation
Shiba Inu Burn Rate Soars Over 3300%, Driving Optimism for SHIB’s Future
Shiba Inu (SHIB) Sees 404% Burn Rate Surge: A Trend Reversal on the Horizon?
Shiba Inu Coin Sees 200% Surge in Burn Rate Despite Price Dip: What’s Next?
Shiba Inu Burn Rate Soars 38.79% Amid Shibarium Upgrade, Boosting Investor Confidence
