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A staggering 96,086,320 Shiba Inu (SHIB) tokens (worth $1,364) were burned in a single transaction on Thursday, making it the largest burn event in the last two months. The Shibburn revealed that over 7 million SHIB tokens have been burnt in the last 24 hours. As of the time of writing, the number of SHIB destroyed is sitting at 7,648,382 According to data from the Shiba Inu burn tracker Shibburn, a total of 2,811,819 SHIB tokens have been sent to burn addresses in the past 24 hours. The number of burned tokens ranged from 727k to 16.3 million. The transaction involving the second-highest number of tokens was particularly interesting. A Shiba Inu burn rate spikes 28,145% as a Coinbase user destroys over 96 million SHIB tokens. In a startling development, an unknown wallet burned 96,086,320 (96.08 Hace 5 días Over 42 million Shiba Inu SHIB/USD tokens were pulled out of circulation Sunday, putting additional deflationary pressure on the popular dog-themed meme coin. What Hace 6 días Shiba Inu (SHIB), one of the most The two largest individual burns accounted for over 37 million tokens, with the 200-day EMA acting as a barrier. The 50-day EMA More than 280 million SHIB tokens were permanently removed from circulation in a single day, representing a 38,299% increase in the burn rate, according to

Shiba Inu Coinbase Burns 200 Million SHIB Tokens: What's Happening?

Is Coinbase behind the latest Shiba Inu (SHIB) token burns? The SHIB community is buzzing about recent massive burns, with a focus on understanding the impact of these events on the meme coin's value. One notable event saw a staggering 96,086,320 Shiba Inu (SHIB) tokens (worth $1,364) burned in a single transaction on Thursday, making it the largest burn event in the last two months. This begs the question: are Coinbase users contributing significantly to these burns?

Massive SHIB Burns Fuel Deflationary Pressure

Over 42 million Shiba Inu SHIB/USD tokens were pulled out of circulation Sunday, putting additional deflationary pressure on the popular dog-themed meme coin. The Shibburn revealed that over 7 million SHIB tokens have been burnt in the last 24 hours. As of the time of writing, the number of SHIB destroyed is sitting at 7,648,382. This continuous burning process is designed to reduce the overall supply of SHIB, potentially increasing its value over time.

Details of Recent Shiba Inu Burns

According to data from the Shiba Inu burn tracker Shibburn, a total of 2,811,819 SHIB tokens have been sent to burn addresses in the past 24 hours. Further analyzing the data shows that the number of burned tokens ranged from 727k to 16.3 million. A Shiba Inu burn rate spikes 28,145% as a Coinbase user destroys over 96 million SHIB tokens. The transaction involving the second-highest number of tokens was particularly interesting. In a startling development, an unknown wallet burned 96,086,320 (96.08. More than 280 million SHIB tokens were permanently removed from circulation in a single day, representing a 38,299% increase in the burn rate, according to data.

Coinbase and the SHIB Burn Rate

While it's difficult to definitively attribute all burns to Coinbase users, the significant increase in burn rates coinciding with activity on platforms like Coinbase suggests a possible connection. The two largest individual burns accounted for over 37 million tokens, with the 200-day EMA acting as a barrier. The 50-day EMA. Shiba Inu (SHIB), one of the most talked-about meme coins, is actively engaging its community through these burn events, hoping to boost its long-term prospects.

What's Next for SHIB?

The future of Shiba Inu hinges on factors beyond just burn rates, including overall market sentiment and adoption. However, these significant burns, particularly those potentially originating from platforms like Coinbase, contribute to the narrative of scarcity and could influence future price movements. Stay tuned for more updates on the Shiba Inu burn rate and its impact on the market.

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