Shiba Inu Coin News 15th Dec 2022
The latest Shiba Inu Coin news, published on December 15th, 2022, reveals that the SHIB burn rate has increased by 107% amidst a price dump.
Shiba Inu (SHIB), the second-largest meme cryptocurrency in the world, has almost half of its supply left and is quickly running out. Since the number of tokens available to buy is steadily going down, Shiba Inu’s market position should get better as a result.
A recent tweet from Whale Alert says that during the recent price drop, an unnamed whale moved nearly 184 billion Shiba Inu coins.
107% less of Shibu burned down.
ShibBurn data shows that the rate at which Shiba Inu coins are burned has gone up by 107% in the last 24 hours. In the last 24 hours, more than 4.1 million Shiba inu have burned. Even though whale wallets have moved a lot of SHIB, the price of Shiba Inu has gone down because the crypto market has become more volatile.
The most recent announcement has to do with sending SHIB from one wallet to another.
Right now, the price of Shiba Inu coins is moving sideways for a short time. Since a month ago, the price of this meme cryptocurrency coin has moved in a small range. But it goes back and forth between $0.0000964 and $0.0000084. Also, the SHIB price showed a series of green and red candles, which showed that people on the market were uncertain.
Since FTX went out of business at the beginning of last month, SHIB hasn’t been able to stay above any of its important moving averages. In the first few days of December, the 50DMA was especially strong resistance. In fact, the fact that all of SHIB’s important moving averages still point down shows that the bearish momentum is still strong.
Shiba Inu Live Price
According to data from coinmarketcap, the current price of Shiba Inu is $0.000008872 USD, and the amount traded in 24 hours is $122,912,574 USD. The price of SHIB has gone down by 3.17 percent in the last 24 hours, and its market capitalization is now $4,869,876,047 USD. There are 549,063,278,876,302 SHIB coins in circulation right now. There aren’t enough of them.
Source: Google Trend