Is Shiba Inu Getting Ready For A Pump? Burn Rate Surges 84,642%
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has seen a massive surge in its burn rate by 84,642% in the past 24 hours, with over 10 million SHIB coins burned in just six hours. The Shibarium blockchain is in its initial building stages, attracting attention from key industry players. Despite a 6% drop in SHIB's price, new accounts and verified contracts on Shibarium have spiked, and 54% of SHIB holders are currently in profit. The British Red Cross Society will now accept SHIB for donations through The Giving Block.
June 17, 2024 | 7:02 pm
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Shiba Inu (SHIB) has experienced a significant increase in its burn rate by 84,642% in the past 24 hours, with over 10 million SHIB coins burned. The Shibarium blockchain is in its initial building stages, attracting attention from key industry players. Despite a 6% drop in SHIB's price, new accounts and verified contracts on Shibarium have spiked, and 54% of SHIB holders are currently in profit. The British Red Cross Society will now accept SHIB for donations through The Giving Block.
The massive increase in the burn rate and the spike in new accounts and verified contracts on Shibarium indicate growing interest and activity in the Shiba Inu ecosystem. The acceptance of SHIB by the British Red Cross for donations further legitimizes the cryptocurrency. Despite the recent price drop, the overall positive developments suggest a potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100