Shiba Inu’s daily burn rate crossed 50%. SHIB continued to trend below the neutral line as the price uptrend halted. In the last 24 hours, Shiba Inu [SHIB] experienced a rise in its burn rate, but its price and weekly burn rate remained under pressure at press time. Is your portfolio green? Check out the […]
PancakeSwap recorded a net mint of -23,618 CAKE in September. The burned tokens equated to just about 0.01% of CAKE’s total supply. Coin burning is one of the most sought-after events in the crypto space as it exerts a significant deflationary pressure on the asset and raises hopes for an upward swing in its value.
Over 1 billion SHIB has been burned in the last 24 hours. SHIB has been on a downtrend, and its bearish trend has continued. Shiba Inu recently experienced an unusually high burn rate, which hadn’t been observed for some time. This burn rate coincided with ongoing discussions and excitement about the Shibarium, driven by recent developments.