CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-07-07 16:29:00

Shiba Inu (SHIB) Surges 6.5% Amidst Increased Burn Rate and Whale Activity

Over the past few days, Shiba Inu (SHIB) has experienced significant price swings, reflecting the overall cryptocurrency market’s ebb and flow. However, in a notable turn of events, SHIB has managed to recover by 6.5% within the last 24 hours, bringing its current trading price to approximately $0.00001637. This resurgence is especially significant as SHIB had faced a considerable decline, aligning with trends seen in Bitcoin and other major cryptocurrencies. A closer analysis of SHIB reveals that the cryptocurrency’s burn rate has markedly increased, soaring almost 800% in just 24 hours, Investing Insider reported. This equates to approximately 18 million

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.