The Shiba Inu burn rate experiences a spectacular jump, according to reports from BitJie. Over the past 24 hours, the burn rate metric has increased by 1,567%, reflecting the intensity of network operations. This peak results in the removal of more than 1 million SHIB tokens, a notable contrast to the approximately 200,000 that were habitually burned.
The impact on price and market movement
Amid this high burn activity, the token’s price showed volatility. SHIB retreated by 1.47%, settling at $0.00000825. This movement is typical during periods of market pressure, when uncertainty drives both panic buying and strategic selling.
The dramatic increase in the burn rate indicates that market participants are reacting more aggressively. When the burn rate rises significantly, it typically signals that more transactions are being executed or that deflationary mechanisms embedded in the protocol are operating with greater intensity.
Next key date: Derivatives on Coinbase
Market eyes are on December 15, when the launch of SHIB futures on Coinbase is scheduled. This event could reshape the price dynamics and institutional traders’ interest in the token. Many observers believe that the availability of structured derivatives could bring greater liquidity and stability to positions.
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The SHIB burn rate accelerates amid market pressure: What does this mean for investors?
The Shiba Inu burn rate experiences a spectacular jump, according to reports from BitJie. Over the past 24 hours, the burn rate metric has increased by 1,567%, reflecting the intensity of network operations. This peak results in the removal of more than 1 million SHIB tokens, a notable contrast to the approximately 200,000 that were habitually burned.
The impact on price and market movement
Amid this high burn activity, the token’s price showed volatility. SHIB retreated by 1.47%, settling at $0.00000825. This movement is typical during periods of market pressure, when uncertainty drives both panic buying and strategic selling.
The dramatic increase in the burn rate indicates that market participants are reacting more aggressively. When the burn rate rises significantly, it typically signals that more transactions are being executed or that deflationary mechanisms embedded in the protocol are operating with greater intensity.
Next key date: Derivatives on Coinbase
Market eyes are on December 15, when the launch of SHIB futures on Coinbase is scheduled. This event could reshape the price dynamics and institutional traders’ interest in the token. Many observers believe that the availability of structured derivatives could bring greater liquidity and stability to positions.