Zero SHIB Burnt in the Last 24hrs; Burn Rate Drops by 100%

Zero SHIB Burnt in the Last 24hrs; Burn Rate Drops by 100%

The SHIB burn rate has a reputation for being erratic, with some days seeing a significant increase and others seeing a fall. 

The burn rate has decreased -100% over the past 24 hours, according to the most recent data from Shibburn.

SHIB’s Burn rate is down 100%. Source: @shibburn 

Shiba Inu (SHIB) prices have also recently fallen as the cryptocurrency market has turned red.

Notably, as the Shibarium layer-2 solution has been delayed, the community’s enthusiasm has diminished, resulting in disputes and decreased interest.

Related Reading: Shiba Inu Down 6% in 6 Hours as Crypto Market Plunges

SHIB Burn Rate

According to Shibburn data, the burn rate for SHIB was zero in the last 24 hours. The burn rate has been unable to sustain its speed. 

The burn rate had decreased significantly since specific days when over a billion SHIBs were burned. The burn rate has frequently been chastised for failing to maintain uniformity. 

SHIB is currently trading at $0.00001023 with a 3.94% decrease in value over the past 24 hours, according to CoinMarketCap data.

Shiba Inu is down 3.94% in 24 Hours. Source: @Coinmarketcap

The developers predict that after Shibarium is released, the burn rate will remain stable.

Read Also: Shiba Inu (SHIB) Gains Popularity on CoinEx, Now in 4th Position

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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