Bitcoin
Bitcoin (BTC)
$66,466.00 -0.58306
Bitcoin price
Ethereum
Ethereum (ETH)
$3,461.22 -1.78321
Ethereum price
BNB
BNB (BNB)
$588.32 0.52453
BNB price
Solana
Solana (SOL)
$176.98 -0.19264
Solana price
XRP
XRP (XRP)
$0.6147360 2.44292
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -1.44788
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 3.83551
Pepe price
Bonk
Bonk (BONK)
$0.0000287 -0.40385
Bonk price
Bitcoin
Bitcoin (BTC)
$66,466.00 -0.58306
Bitcoin price
Ethereum
Ethereum (ETH)
$3,461.22 -1.78321
Ethereum price
BNB
BNB (BNB)
$588.32 0.52453
BNB price
Solana
Solana (SOL)
$176.98 -0.19264
Solana price
XRP
XRP (XRP)
$0.6147360 2.44292
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -1.44788
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 3.83551
Pepe price
Bonk
Bonk (BONK)
$0.0000287 -0.40385
Bonk price
Bitcoin
Bitcoin (BTC)
$66,466.00 -0.58306
Bitcoin price
Ethereum
Ethereum (ETH)
$3,461.22 -1.78321
Ethereum price
BNB
BNB (BNB)
$588.32 0.52453
BNB price
Solana
Solana (SOL)
$176.98 -0.19264
Solana price
XRP
XRP (XRP)
$0.6147360 2.44292
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -1.44788
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 3.83551
Pepe price
Bonk
Bonk (BONK)
$0.0000287 -0.40385
Bonk price
Bitcoin
Bitcoin (BTC)
$66,466.00 -0.58306
Bitcoin price
Ethereum
Ethereum (ETH)
$3,461.22 -1.78321
Ethereum price
BNB
BNB (BNB)
$588.32 0.52453
BNB price
Solana
Solana (SOL)
$176.98 -0.19264
Solana price
XRP
XRP (XRP)
$0.6147360 2.44292
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -1.44788
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 3.83551
Pepe price
Bonk
Bonk (BONK)
$0.0000287 -0.40385
Bonk price

SHIB price drops along with burn rate

shib-price-drops-along-with-burn-rate
Edited by
News
SHIB price drops along with burn rate

Shiba Inu (SHIB) has been on a bearish run over the past week. The second-largest memecoin has been making unsure movements with the latest accusations, despite a major announcement.

SHIB is up by roughly 1% in the past 24 hours and is trading at $0.00001092 at the time of writing, per crypto.news data. 

SHIB price drops along with burn rate - 1
Shiba Inu price – March 20 | Source: TradingView

The token started a downward movement when the crypto community accused Shibarium developers of copying code on March 16. Per a crypto.news report, the creators of the Shiba Inu ecosystem forgot to change the blockchain ID of the Rinia network.

Moreover, SHIB is down by almost 20% over the last week and dropped around 2% in the past 30 days. The asset’s current market cap is set at roughly $6.4 billion.

While the token finally witnessed a green movement in the past 24 hours, SHIB’s burn rate has seen a notable drop. Per data provided by Shib Burn, around 15.11 million coins have been burnt in the past 24 hours, a 61.16% drop. 

In the last seven days, similarly, shiba inu’s burn rate has dropped by 69.38% with 1.48 billion SHIB tokens — worth around $16,260 at the time of writing — sent to dead wallets. 

Popular among whales

The second-largest memecoin has become popular among the top 500 ethereum (ETH) whales as the total crypto market cap witnesses a recovery — surpassing the $1 trillion mark again.

According to WhaleStats, SHIB has over 1.32 million holders. The top 100 whales are holding around $34.28 million worth of shiba inu with the largest holder, Binance, accumulating almost 47 trillion SHIB — worth around $514 million at the time of writing.