Bitcoin
Bitcoin (BTC)
$68,285.00 1.00287
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.08 -0.77333
Ethereum price
BNB
BNB (BNB)
$594.92 -0.19163
BNB price
Solana
Solana (SOL)
$166.93 -1.36222
Solana price
XRP
XRP (XRP)
$0.5195190 -0.85427
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -6.92816
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.28863
Pepe price
Bonk
Bonk (BONK)
$0.0000339 -8.28596
Bonk price
Bitcoin
Bitcoin (BTC)
$68,285.00 1.00287
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.08 -0.77333
Ethereum price
BNB
BNB (BNB)
$594.92 -0.19163
BNB price
Solana
Solana (SOL)
$166.93 -1.36222
Solana price
XRP
XRP (XRP)
$0.5195190 -0.85427
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -6.92816
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.28863
Pepe price
Bonk
Bonk (BONK)
$0.0000339 -8.28596
Bonk price
Bitcoin
Bitcoin (BTC)
$68,285.00 1.00287
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.08 -0.77333
Ethereum price
BNB
BNB (BNB)
$594.92 -0.19163
BNB price
Solana
Solana (SOL)
$166.93 -1.36222
Solana price
XRP
XRP (XRP)
$0.5195190 -0.85427
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -6.92816
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.28863
Pepe price
Bonk
Bonk (BONK)
$0.0000339 -8.28596
Bonk price
Bitcoin
Bitcoin (BTC)
$68,285.00 1.00287
Bitcoin price
Ethereum
Ethereum (ETH)
$3,747.08 -0.77333
Ethereum price
BNB
BNB (BNB)
$594.92 -0.19163
BNB price
Solana
Solana (SOL)
$166.93 -1.36222
Solana price
XRP
XRP (XRP)
$0.5195190 -0.85427
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000259 -6.92816
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.28863
Pepe price
Bonk
Bonk (BONK)
$0.0000339 -8.28596
Bonk price
SirWin
SirWin
SirWin

Shiba Inu burn rate rises by almost 2100% amid market uncertainties 

shiba-inu-burn-rate-rises-by-almost-2100-amid-market-uncertainties
Edited by
News
Shiba Inu burn rate rises by almost 2100% amid market uncertainties 

The second-largest meme coin, shiba inu (SHIB), has seen notable drops in its burn rate for two consecutive weeks. Over the last 24 hours, however, the indicator has spiked by almost 2,100%.

According to data provided by SHIB BURN, SHIB’s burn rate has increased massively while its price is going downward. 

Shiba Inu burn rate rises by almost 2100% amid market uncertainties  - 1
24-hour SHIB burn rate on March 28 | Source: SHIB BURN

Per the data, over 803 million tokens, worth roughly $8,300 at the time of writing, have been burnt in the past 24 hours. The largest burn transaction — almost 795 million SHIB — belongs to an address that still has $3.2 million worth of shiba inu, as on-chain data shows.

You might also like: David Gokhshtein insists he will delete his 700k Twitter if SHIB ever reaches $0.01

While SHIB’s burn rate has risen massively, the price has been tumbling over the past month. As the financial industry witnessed major bank collapses, the US Commodity Futures Trading Commission (CFTC) raised its hand on the largest crypto exchange, Binance, the digital currency market has noticed tensions.

SHIB is down by 1.85% in the past 24 hours and trading at $0.00001035 at the time of writing, per crypto.news data. 

Shiba Inu burn rate rises by almost 2100% amid market uncertainties  - 2
Shiba Inu price chart on March 28 | Source: crypto.news

Read more: SHIB falls as community accuses Shibarium developers of copying blockchain code