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- A newly launched Blaze token has burned over 1.6 billion SHIB.
- Currently, Shiba Inu is trading at $0.000008841 according to CoinMarketCap.
Shiba Inu (SHIB), a unique meme coin referred to as the ‘DOGECOIN KILLER,’ has gained traction in recent weeks. As a result, an increased number of Shiba Inu tokens have been burned, contributing to its upward momentum. Additionally, CoinMarketCap noted that SHIB peaked at $0.00001 last week.
Furthermore, another emerging token, Blaze (BLZE), has partnered with Shiba Inu, resulting in significant SHIB burns across varying daily volumes. The timeline for the Blaze token is intriguing and is scheduled for the year 2023, with execution phases outlined for Q2, Q3, and Q4.
Burn Rate Significantly Rising
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According to a recent report, Blaze has incinerated 1,695,524,269 SHIB tokens, valued at $15,327 based on current market rates. In total, Blaze has burned 3,700,789,543 SHIB tokens. Meanwhile, a total of 1,079,412,440.61 Blaze tokens have also been burned. Overall, 6,463,010,909.18 Blaze tokens have been eliminated in this process thus far. Consequently, the burn rate has surged to 38,071.39% compared to the previous day, driven by the latest burn transaction.
https://t.co/yzqjpuP3qX#SHIBARMY We have done it again!
Another 1,695,524,269 $Shib BURNED!
Total $Shib burned by #Blaze = 3,700,789,543 $Shib
Another 1,079,412,440.61 $Blze BURNED!
Total $Blze burned = 6,463,010,909.18 $Blze
Join @blaze_token Together We Grow
#Shibburn— Blaze Token (@blaze_token) May 8, 2023
In the past 24 hours, over 3.9 million SHIB tokens have been sent to a dead wallet. According to CoinMarketCap’s analysis, Shiba Inu is currently priced at $0.000008841, reflecting an 11.23% decline with a trading volume of $213,102,594. The circulating supply exceeds 589 trillion in the cryptocurrency market.
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