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Shiba Inu Price Drops Despite Developers Burning Over 13 Billion Tokens in 24 Hours

He backs up Shiba Inu SHIB parts pricesSurprisingly, despite the fact that huge quantities of the famous meme coin have been burned before Project developers.

Over the past 24 hours, SHIB's burn rate increased by 23,133% as developers intentionally destroyed over 13 billion tokens. At current market prices, these coins are worth approximately $463,000.

High combustion rate Shiba Inu SHIB Coin More than 23,000%

This Shiba Inu SHIB coin burn happened on two different transactions. Firstly, the developers Burning 9.6 billion SHIB tokens, worth just over $332,000. And later they continued burn An additional 3.8 million SHIB tokens, worth approximately $131,384.

Furthermore, Get rid of it Developers of 28 LEASH tokens, worth $21,600, and 19,551 BONE tokens, worth approximately $22,874.

"These burns were made by the developers of Shiba, but would not have been possible without the developers and users of Shibarium... There are people who only talk about burns, and there are those who work on them already - and this he the difference".

Lucy also took the opportunity to pay tribute toDevelopers and users of the Shibarium network which has played a central role in promoting the adoption of the network. Despite the enthusiasm, Shiba Inu SHIB coin price dropped More than 23% above its annual high of March 5.

Shiba Inu (SHIB) Price Performance
Shiba Inu (SHIB) Stock Price Performance. Source: Trading View

Believes Technical analyst Ali Martinez said the recent price movement could be part of a consolidation phase that could lead to further gains.

“Shiba Inu SHIB price has formed a symmetrical triangle on the 4-hour chart. A close above the $0.000038 resistance could lead to a 40% bullish breakout, pushing Shiba Inu SHIB towards 0.000038. $000052.”

Chiba Army wants to list BONE coin on Binance

In another development, Shytoshi Kusama, the main developer of the Shiba Inu coin, has requested that the BONE coin of the ShibaSwap platform be listed on Binance Platform.

On March 7, the world's largest cryptocurrency exchange by trading volume launched Futures NEXT. Allow users to anticipate the inclusion of tokens. Although Binance has clarified that nominations will not influence listing decisions. However, users can still predict and vote for which symbols they think will be included.

In response to this announcement, ShibArmy rallied behind the nomination of BONE. Or urge The Kusama community must show their support by voting for the digital asset.

Kusama asked:

"It's light work. I'll post this tomorrow too. I called the K9 unit and the Bad Squad to help me. Who else will be on our side?"

BONE coin, a digital asset that is an integral part of the Shiba Inu ecosystem, has evolved beyond just being a meme coin. It plays a crucial role in Layer 2 Network Solutions, Shibarium. It facilitates payment of transaction fees and allows listeners to participate and interact with the network.

According to Binance, BONE is currently in third place on the nomination list, receiving approximately 37,101 votes. However, it trails Delysium and Baby DogeCoin, which received 91,728 and 40,028 votes, respectively.

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الأسواق,Shiba Inu,العملات الرقمية,العملات المشفرة