EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Shiba Inu Burn Destroys 666 million SHIB

Admin by Admin
December 1, 2022
in Crypto News
0
Shiba Inu Devs Launch Shib Name Service: Will SHIB Price Rally?
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
Event Event

Shiba Inu witnessed a spike in burn in November. The SHIB community destroyed 666 million SHIB in 149 transactions, pulling these tokens out of circulation permanently. The meme coin is ready to begin its recovery despite the crypto bear market.

The implementation of burn is key to Shiba Inu’s ecosystem as it reduces the number of SHIB tokens in circulation. The reduction in the meme coin’s circulating supply has a direct impact on its price.

Upwards of 410.38 trillion SHIB tokens in total have been permanently removed from Shiba Inu’s circulating supply. Considered Dogecoin’s largest competitor, SHIB has witnessed a dramatic decrease in its circulation. 41% of SHIB tokens have been destroyed, and 562.56 trillion are currently being circulated across exchanges and users’ wallets.

Meanwhile, the crypto bear market has failed to dampen the recovery of the Shiba-Inu-themed cryptocurrency. SHIB price remained largely unchanged over the past two weeks, and analysts have identified technical indicators that point toward a recovery in the meme coin.

Related–Terra’s Luna Classic Price Squeeze Hints at Explosive Breakout to $0.000185

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Shiba inu
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Terra’s Luna Classic Price Squeeze Hints at Explosive Breakout to $0.000185

Next Post

FOREX: UOB Predicts USD/CNH Price Move

Admin

Admin

Next Post
USD CNH PRICE BY OUB

FOREX: UOB Predicts USD/CNH Price Move

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Pauses UK New User Registrations

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023
Common terms used in Stock trading

10 Common Terms Used in Stock Trading

December 7, 2023

Recent News

AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023
Common terms used in Stock trading

10 Common Terms Used in Stock Trading

December 7, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>