Features News TheBitTimes.com

The Shiba Inu burn has been one of the meme coin team’s major developments. Additionally, the community has embraced the initiative with open arms, sending millions of SHIB to dead wallets. To create scarcity and lower the SHIB in the circulating supply, the burn initiative was established. The first few days of January 2023 saw a noticeably higher burn rate. However, as the price began to accelerate with double-digit gains, it gradually began to cool off. Read more: Gemini Plans to Lay Off 10% Staff, Cites Bad Crypto Industry Actors However, the most recent information from Shibburn indicates that the Shiba Inu burn rate has increased by 303% over the past 24 hours. Source: Shibburn Single wallet burns 108 million SHIB During the last 24 hours, 118,529,999 SHIB have been sent to dead wallets, with the major contribution coming from a single wallet. One single transaction that happened five hours ago sent 108,476,685 SHIB to the dead wallet. The sing...

2023 was expected to be better for the cryptocurrency market in general. Falling cryptocurrency empires, a prolonged bear market, and plummeting prices were all visible throughout 2022. The beginning of 2023 was slow in terms of price changes. However, starting off the second week of 2023, the cryptocurrency market is trading in the green. Shiba Inu stands tall with one of the highest gains over the last 24 hours. According to CoinMarketCap, SHIB is now trending on the CMC website. CoinMarketCap data also reveals that Shiba Inu is up by 8.1% in the last 24 hours. The meme coin is also up by 11.22% over the last seven days. Source: Crypto news Shiba Inu trading volume spikes by 312% According to CMC data, the 24 hours trading volume of Shiba Inu has also soared by 312% at press time. The 24-hour trading volume stands at $358,360,796. The spike in trading volume can be attributed to the increased whale activity with Shiba Inu. According to the whale tracker, WhaleSta...