'Dogecoin Killer' Shiba Inu Recovers By 10% From Monday Crypto Crash As Burn Rate Surges By 478%
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has seen a significant recovery of 10% following a crypto crash, with its burn rate surging by 478%. The community has initiated a petition to Binance for a daily burn mechanism, and large transaction volumes have increased significantly.
August 06, 2024 | 3:21 pm
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Shiba Inu (SHIB) has rebounded by 10% from a recent crypto crash, with a burn rate increase of 478%. Large transaction volumes and social interactions have surged, indicating strong market activity.
The significant increase in burn rate and large transaction volumes suggest strong market activity and investor interest, likely driving the price upwards in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100