Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Shiba Inu burn rate surges 81% in one day, has strength returned?
TRADING NEWS

Shiba Inu burn rate surges 81% in one day, has strength returned?

By Crypto FlexsSeptember 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Shiba Inu burn rate surges 81% in one day, has strength returned?
Share
Facebook Twitter LinkedIn Pinterest Email

Shiba Inu (SHIB) burn rate has surged over the past 24 hours, providing a bullish outlook for the meme coin. This is also significant in that it suggests that Shiba Inu bulls are returning to the ecosystem.

Shiba Inu burn rate increases by 81%

According to data from Shiba Inu burn tracker Shibburn, the burn rate of meme coins has surged 81% in the past 24 hours, with 3.7 million coins burned during this period. Meanwhile, burn rates have surged by a whopping 3,600% over the past seven days, with 2 billion coins burned during this period.

advertisement


The spike in Shiba Inu burn rate is significant, indicating that the bulls are back in the meme coin ecosystem. Accumulation trends usually lead to surges in transactions, so more SHIB tokens are typically burned as investors accumulate meme coins. Data from market intelligence platform IntoTheBlock confirms that Shiba Inu whales are actively purchasing meme coins.

Large-scale transactions have surged by more than 13% over the past seven days, during which trillions of Shiba Inu tokens have been traded. In the last 24 hours, these bulls traded 2 trillion SHB tokens. Meanwhile, massive trading volume hit a recent high on September 26, when 9 trillion SHIB tokens were traded.

Shiba Inu prices have also reacted to these bullish indicators, surging more than 26% over the past seven days. This rally is expected to extend into October as meme coins could face a historic rally. Shiba Inus have always recorded positive monthly returns in October and we expect this time to be no different.

Moreover, the broader cryptocurrency market outlook is optimistic, which could support Shiba Inu to hit new highs next month. In particular, it was predicted that Bitcoin (BTC) could recover to the $70,000 price level in October. Therefore, given Shiba Inu’s strong positive price correlation with BTC, the flagship cryptocurrency will likely move to the upside.

SHIB may rise to $0.000081 soon.

Cryptocurrency analyst Javon Marks predicted that the meme coin could soon rise to $0.000081. He claimed that the price reacted significantly after discovering a number of hidden strength differences that were identified. In line with this, he added that an extended rally towards $0.000081 appears to be underway.

This means that the price of Shiba Inu has increased by more than 300%. Marks previously predicted that Shiba Inu would erase another zero from the price during this bull run, indicating that the meme coin could still rise higher after reaching the $0.000081 price level.

Interestingly, cryptocurrency analyst Smile recently predicted that the meme coin could rise to $0.05 by 2025. However, for prices to get close to that level, a significant amount of Shiba Inu’s circulating supply would have to be burned.

Shiba Inu price chart on Tradingview.comShiba Inu price chart on Tradingview.com Source: NewsBTC.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

so:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

The BNB chain allocates $ 4.4m to increase the best memo person.

February 24, 2025

10 Amazing Uses for Bottle Caps – You Won’t Believe #7! – DeFi information

January 12, 2024

Bitcoin ETF saw inflows of $488 million despite declining retail interest.

June 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.