Shina Inu Coin News: Shiba Inu (SHIB), the second largest meme coin price is trading under increased selling over the past month. As Shiba Inu price continued to decline, Pepe Coin, a new trending meme crypto has gained all of the attention. However, it seems like SHIB might be doing a comeback ahead as SHIBarmy burned more than a billion Shiba Inu Coin in the last 24 hours.
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Can SHIB Make A Comeback Here?
According to the Shibburn data, 1.69 billion SHIB coins have been sent to a dead wallet in multiple transactions over the past 24 hours. SHIBburn rate has spiked by 13150% after the recent burn. It should be noted that this spike has come after a long dry spell not burning many Shiba Inu Coins.
Earlier, Coingape reported that the SHIB burn rate is plummeting over time depicting users losing interest in the second largest meme crypto.
Shiba Inu price is down by over 18% in the last 30 days. SHIB is trading at an average price of $0.000009, at the press time.
The post Shiba Inu Burn Rate Spikes 13000% Amid Pepe Coin Frenzy appeared first on CoinGape.
Source: https://coingape.com/shiba-inu-coin-burn-rate-spikes-13000-can-shib-price-surge/