The Shiba Inu ($SHIB) community is buzzing with excitement as the token's burn rate exploded by an incredible 2225% on Thursday amidst a surge of interest in meme coins! 🚀
🔍 Key Highlights:
1. Massive Token Burns: In the past 24 hours alone, 14.58 million SHIB tokens were burned, significantly reducing the circulating supply. This strategic move aims to create scarcity and drive up the token's price. 📉🔥
2. Market Cap: Despite a slight dip in price, Shiba Inu's market cap remains strong at $14.75 billion. The community remains bullish and optimistic about the future. 💪💰
3. Community-Driven Efforts: The burns are primarily driven by the Shibburn initiative, which rewards SHIB holders for burning tokens. Additionally, Shiba Inu’s proprietary Ethereum layer 2, Shibarium, burns a small amount of $SHIB from gas fees for every transaction. 🌐🔗
Current Stats:
- $SHIB Price: $0.00002395 (-0.08% in the last hour | -7.14% in the last 24 hours)
- Market Cap: $14,066,105,964 (-7.54%)
- Total Supply: 589,262,168,453,842
Tokens Burned:
- Past 24 Hours: 14,582,917 (up 2225.34%)
- Past 7 Days: 50,347,540 (down 91.98%)
Stay connected with Binance for real-time updates and expert insights as we follow this thrilling development in the meme coin world! 🌐📊
#CryptoNews #ShibaInu #TokenBurningFrenzy #CryptoInvestingTips #Binance 📢✨
