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Shiba Inu (SHIB) Burn Rate Explodes Nearly 500% in a Day, But There Is a Catch

Almost 2.7 million tokens have been scorched in the last 24 hours.

Shiba Inu (SHIB) Burn Rate Explodes Nearly 500% in a Day, But There Is a Catch
CryptoPotato
AI summary

Shiba Inu's burn rate jumped nearly 500% in a single day, with roughly 2.7 million SHIB tokens destroyed in the last 24 hours. The headline notes a catch, suggesting the absolute burn volume remains small relative to SHIB's massive circulating supply. Traders watching burn mechanics as a supply-reduction signal should note that a percentage spike on a tiny base is unlikely to meaningfully affect price.

Narrative history
19 linked stories · 3 outlets · since 13 Oct
  1. 56M AGO
    You’re reading this
    Shiba Inu (SHIB) Burn Rate Explodes Nearly 500% in a Day, But There Is a Catch
    CryptoPotato · Score 15
  2. 6H AGO
  3. 20H AGO
    U.Today · Score 25 · via Shiba, Inu
  4. 19 OCT · 14:45
  5. 19 OCT · 10:25
  6. 18 OCT · 12:30
  7. 17 OCT · 22:06
    U.Today · Score 25 · via SHIB, Shiba
  8. 17 OCT · 03:00
  9. 17 OCT · 00:01
  10. 16 OCT · 13:17
    U.Today · Score 25 · via Billion Shiba, Shiba
  11. 16 OCT · 11:58
  12. 15 OCT · 19:29
    BeInCrypto · Score 15 · via Shiba, Inu
  13. 15 OCT · 11:03
  14. 15 OCT · 10:00
    U.Today · Score 35 · via Shiba, Inu
  15. 15 OCT · 00:01
  16. 14 OCT · 14:15
  17. 14 OCT · 12:25
  18. 14 OCT · 00:01
  19. 13 OCT · 19:15
    CryptoPotato · Score 25 · via SHIB, Inu SHIB
  20. 13 OCT · 14:55
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