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‘Dogecoin Killer’ Shiba Inu Burn Rate Catapults 65,530% Higher: Here’s What Technical Analysis Says

Posted On October 25, 2024

Shiba Inu’s (CRYPTO: SHIB) monthly gains of 18% is likely to witness a pump as burn rates and technical indicators point to the same.

What Happened: Shiba Inu (CRYPTO: SHIB) saw its burn rate jump by 65,529.7% since burning 2.7 million SHIB in the past 24 hours, according to Shibburn data.

Shibarium data shows daily transactions, which had been steady over the past 30 days, surging from 3.2 million to 4.8 million on Oct. 24.

According to IntoTheBlock …

Full story available on Benzinga.com

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