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'Dogecoin Killer' Shiba Inu Sees Significant Increase In Token Burn Rate, As Price Recovers — Is A Turnaround In The Making?
'Dogecoin Killer' Shiba Inu Sees Significant Increase In Token Burn Rate, As Price Recovers — Is A Turnaround In The Making?
Shibburn has reported a significant increase in the number of Shiba Inu (CRYPTO: SHIB) tokens being burnt on X, formerly Twitter.
What Happened: The post noted that the number of SHIB tokens burned over 24 hours has shot up 25.9% to 24.36 million, while over a longer 7-day horizon, the burn rate has shot up 269.9% with 798.3 million tokens burned.
Notably, the post comes amid a market correction for Shiba Inu with the coin often referred to as Dogecoin (CRYPTO: DOGE) killer retracing to key bull market levels, as noted by prominent crypto analyst Yomi in a thread on X (formerly Twitter).
Even though the burn rate has seen an uptick over the last seven days, the price action has largely been negative with SHIB falling nearly 16% during the period.
Why It Matters: The burning of tokens is a key factor in the coin's market performance, as it reduces the supply of tokens, potentially driving up the price. The significant increase in the burn rate reported by Shibburn could therefore have a substantial impact on the future of Shiba Inu.
Shiba Inu's price has seen a 4.97% increase in the past 24 hours. This price movement is in contrast to the coin's trend over the past week, indicating a potential shift in market dynamics, according to a Benzinga article.
Moreover, the increase in daily transactions suggests growing interest in Shiba Inu, which could lead to a 'massive bull market'.
Price Action: At the time of writing, SHIB traded 5.62% higher at $0.000023, according to data from Benzinga Pro.
Shibburn has reported a significant increase in the number of Shiba Inu (CRYPTO: SHIB) tokens being burnt on X, formerly Twitter.
Shibburn报告称,在X(前身为推特)上销毁的柴犬(加密货币:SHIB)代币的数量显著增加。
What Happened: The post noted that the number of SHIB tokens burned over 24 hours has shot up 25.9% to 24.36 million, while over a longer 7-day horizon, the burn rate has shot up 269.9% with 798.3 million tokens burned.
发生了什么:该帖子指出,在24小时内销毁的SHIB代币数量激增了25.9%,达到2436万个,而在更长的7天内,销毁率激增了269.9%,销毁了7.983亿个代币。
Notably, the post comes amid a market correction for Shiba Inu with the coin often referred to as Dogecoin (CRYPTO: DOGE) killer retracing to key bull market levels, as noted by prominent crypto analyst Yomi in a thread on X (formerly Twitter).
值得注意的是,该帖子是在柴犬进行市场调整之际发布的,正如著名的加密货币分析师Yomi在X(前身为推特)的话题中指出的那样,这种通常被称为狗狗币(加密货币:DOGE)杀手的代币正在回落至关键的牛市水平。
Even though the burn rate has seen an uptick over the last seven days, the price action has largely been negative with SHIB falling nearly 16% during the period.
尽管销毁率在过去七天中有所上升,但价格走势基本上是负面的,SHIB在此期间下跌了近16%。
Why It Matters: The burning of tokens is a key factor in the coin's market performance, as it reduces the supply of tokens, potentially driving up the price. The significant increase in the burn rate reported by Shibburn could therefore have a substantial impact on the future of Shiba Inu.
为何重要:代币的销毁是代币市场表现的关键因素,因为它减少了代币的供应,有可能推高价格。因此,Shibburn报告的烧伤率的大幅增加可能会对柴犬的未来产生重大影响。
Shiba Inu's price has seen a 4.97% increase in the past 24 hours. This price movement is in contrast to the coin's trend over the past week, indicating a potential shift in market dynamics, according to a Benzinga article.
柴犬的价格在过去24小时内上涨了4.97%。根据Benzinga的一篇文章,这种价格走势与过去一周代币的走势形成鲜明对比,表明市场动态可能发生变化。
Moreover, the increase in daily transactions suggests growing interest in Shiba Inu, which could lead to a 'massive bull market'.
此外,每日交易量的增加表明人们对Shiba Inu的兴趣与日俱增,这可能导致 “大规模牛市”。
Price Action: At the time of writing, SHIB traded 5.62% higher at $0.000023, according to data from Benzinga Pro.
价格走势:根据Benzinga Pro的数据,在撰写本文时,SHIB的交易价格上涨了5.62%,至0.000023美元。
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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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