Shiba Inu Burn Rate Skyrockets 495% as 14,052,230 SHIB Get Removed
Portfolio Pulse from
Shiba Inu (SHIB) has seen a significant 495% increase in token burn rate, with 14,052,230 tokens removed in 24 hours. Despite this burn, the cryptocurrency is trading down 1.31% at $0.00001274. The Shiba Inu team is developing SHIB OS, a blockchain technology with Shibarium (L2) and Shib Alpha Layer (L3) aimed at improving transaction speeds and practical blockchain applications.
March 21, 2025 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
High burn rate indicates active community involvement, potentially creating long-term token scarcity, though current market trends are suppressing price.
While the significant burn rate suggests potential future price appreciation by reducing supply, current market conditions and lack of immediate demand are keeping the price neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100