China News Daily TheBitTimes.com

Shiba Inu (SHIB) experienced a massive 15% rally over the past 24 hours, sending the price of its token from $0.00001348 to $0.00001552 at press time.  With this latest move, SHIB has now rallied by 19.71% on the weekly chart, bringing year-to-date (YTD) losses down to 26.68%. SHIB price 1-day and year-to-date (YTD) charts. Source: Finbold Notably, in the last 24 hours, the market capitalization of Shiba Inu has increased from $7.94 billion to $8.97 billion on March 26, per data retrieved by Finbold from CoinMarketCap . That’s a $1.03 billion increase in the span of a day.  Picks for you WhiteBIT launches its crypto exchange in Australia 2 hours ago Ripple’s Legal Chief drops bombshell ‘Final’ update on SEC case ...

Shiba Inu has gained considerable recognition and popularity within the cryptocurrency industry. The team behind SHIB has shown dedication to its development through various initiatives, including the implementation of the Shiba Inu Burn program. The burn rate associated with Shiba Inu has been subject to fluctuations, with some days witnessing significant increases while others experiencing declines. However, the recent burn rate has not been particularly noteworthy. Also read: Binance Spot Trading Volume Plummets by 70% in Q2 2023 Now, according to the latest data from Shibburn, the burn rate has soared by 250% in the last 24 hours. Source: Shibburn Over 70 million Shiba Inu burned in the last 24 hours Shibburn data shows that 70 million SHIB have been sent to dead wallets in the last 24 hours. Several transactions contributed to the surge in burn rate , with several single- and double-digit transactions in the millions. One notable transaction happened ten hours ...