![]() ![]() Within minutes of Musk’s naming announcement, the price of the original Floki Inu meme coin surged over 100%. However, Buterin went on to gift 50 trillion SHIB tokens to charity and burned 410 trillion more shortly thereafter in May.Īt the moment, Shiba Inu is currently trading 81% down from its highest-ever price listing.Įlon Musk, a known devotee of Dogecoin, recently purchased Shiba Inu and named it ‘Floki Inu’ – after the actual coin. Co-founder of Ethereum, Vitalik Buterin, received half of the total supply of the crypto from developers. ![]() Shiba Inu has a near-inexhaustible maximum supply of one quintillion tokens. Back in May, some holders of Shiba Inu became generously rich when prices spiked during the Dogecoin meme. Prominent among such similarities are their canine motifs and relative affordability. They are often created as a joke or to poke fun at the cryptocurrency market. Meme coins are a type of cryptocurrency that is based on a popular internet meme. Shiba Inu has benefited from the Dogecoin fest due to the similarities both digital currencies share. Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the most popular meme coins in the world. Shiba Inu incredibly surged 30% the moment it was listed on Coinbase Pro as a result of prior anticipation. The token was initially supposed to list on Coinbase Pro on June 17 th but ended up making its debut on September 9 th. ![]() Shiba Inu, which is a direct competitor to Dogecoin, also listed on Binance U.S. ![]() However, crypto trends are unpredictable, as many factors influence their price moves.įeatured image from Pixabay and chart from Tradingview.Users on the Coinbase platform can now trade Shiba Inu, according to an announcement by the leading American crypto exchange. Los compradores de SHIB parecen estar buscando duplicar el tipo de rendimientos rápidos y considerables que DOGE ha proporcionado a veces este año. The Shiba Inu community expects more price increases in the future. Binance.US is the crypto trading platform for US residents where you can buy, sell, and trade cryptocurrencies and alt coins with some of the lowest fees in the US. The token is trading at $0.00000906, increasing 0.67% over the past 24 hours. At the time of writing, Shiba Inu has a circulating supply of 589 trillion SHIB. Interestingly, the community has collectively destroyed 410 trillion SHIB coins. SHIB price is up on the chart l SHIBUSDT on There were three leading wallets in the burning mechanism including CultPinks, Blaze Token, and a mysterious wallet. The burning process was completed through multiple transactions. This indicated a 24-hour rise in burn rate of over 50,773%.Īlso, 5.67 billion SHIB tokens were burned 7 days before the May 8-9 1.69 billion token burns. Find real-time live price with technical indicators to help you analyze SHIB/DOGE changes. Related Reading: Kraken’s CLO Takes The Stand At Historic Joint Hearing On Crypto RegulationsĪccording to data from Shibburn, which tracks the SHIB burning activities, the community burned 1.69 billion SHIB tokens within 24 hours. Trade SHIB to DOGE and other cryptocurrencies in the world’s largest cryptocurrency exchange. Token burning is one of the measures of reducing the circulating supply of a crypto asset, which could impact the price of tokens and the SHIB community has remained steadfast with the token-burning mechanism for the meme coin. Apple Android APK Google Play Mac OS Windows Linux API. Download the Binance App and trade your XRP with 150+ cryptocurrencies, everywhere and anywhere. The newly added feature makes the process easier and could trigger more interest and investment in the meme coin. Leading examples of meme coins include DOGE, SHIB, PEPE, WSM, and others. With the auto-buy feature, users can now buy a fixed dollar amount of the Shiba Inu token, irrespective of the price during the purchase period. Risk warning: Cryptocurrency trading is subject to high market risk. Even though meme coins have gained significant traction, SHIB has been consistently underperforming, shedding previous gains. Fellow Binancians, Binance will open trading for SHIB/DOGE trading pair at 08:00 AM (UTC). CoinMarketCap shows that SHIB declined by over 10% over the past 7 days. The performance of Shiba Inu has, however, been on the downside recently. ![]()
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