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Shiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath?

CoinGape LogoCoinGape2w ago

Shiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath? - CoinGape

Quick Summary:

Shiba Inu burn rate has once again surged 1500%, offering some support to the meme coin despite the ongoing market volatility.

On Wednesday, April 9, burn data suggested that roughly 34 million coins were removed from the token’s circulating supply.

Meanwhile, SHIB burn metrics indicated that the wallet address “0x541f60e5576” was responsible for the lion’s share that caused today’s burn rate upswing.

More Pictures

Shiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath? - CoinGape (Picture 1)Shiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath? - CoinGape (Picture 2)Shiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath? - CoinGape (Picture 3)

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Article Details

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 07:09:16 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27750064

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 15 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Shiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath?" has 504 words across 42 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Shiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath?" was covered 2 weeks ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 15 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://vaccinium.beamstart.com/news/shiba-inu-burn-rate-shoots-17441829018847

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