Shiba Inu Burn Rate Spikes 13000% Amid Pepe Coin Frenzy
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.
Also Read: SBF Attempts To Flee 10 Of 13 Criminal Charges In FTX Case
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. Its 24 hour trading is up by 33% to stand at around $185 million. However, Shiba Inu is still the second largest meme crypto with a market cap of $5.16 billion.
Also Read: Ripple Exec Hints Coinbase’s Next Move
However, Pepe Coin, a new meme coin in the trend has taken over the crypto market with force. PEPE price has surged by 3400% over the last 30 days.
PEPE price registered a drop of 13% over the last 24 hours. It is trading at an average price of $0.000002, at the press time. Its 24 hour trading volume is up by 21% to stand at $1.13 billion.
- Analyst Eyes Solana ATH as 21Shares’ SOL-Focused Jupiter ETP Launches on Swiss Exchange
- Experts Predict Big ETH Rally on Bullish Options, Whales Signal Post-False Break
- US Shutdown: Bitcoin, Gold, and Silver Rally as Govt. Shutdown Odds Jump to 85% on Polymarket
- SEC Halts Trading In Solana Treasury Stock QMMM After Share Price Surges 959%- Market Manipulation?
- BREAKING: BlackRock Amends Bitcoin ETF (IBIT), Ethereum ETF (ETHA) Amid New Milestone
- Ethereum Price Forecast as Institutional and Whale Accumulation Fuel Reversal Setup
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
