Tuesday, 27 February 2024

Crypto News

SHIB burn rate soars, PEPE market cap nears $500M, as Memeinator token presale thrives

Shiba Inu price outlook as Shiba Memu’s presale tops $2.2M

  • Shiba Inu has removed over 260 million tokens in the past 24 hours.
  • PEPE Coin’s market cap approaches $500 million.
  • Memeinator’s MMTR token presale gains traction, featuring regular price increases.

There have been significant developments in the world of meme coins with Shiba Inu (SHIB) witnessing a remarkable surge in burn rate, PEPE Market Cap approaching $500 million, and Memeinator’s MMTR token gaining momentum during its presale.

In this article, we delve into the latest occurrences surrounding Shiba Inu (SHIB), PEPE Coin, and the Memeinator (MMTR) token.

SHIB burn rate skyrockets by 20,000%

The Shiba Inu (SHIB) community is abuzz with the recent surge in token burn rate. According to data on the Shibburn website, SHIB’s burn rate skyrocketed by a staggering 20,000%, resulting in the removal of over 260 million tokens in the past 24 hours.

This record-breaking burn rate, unseen in the last two months, underscores the commitment to reducing the token supply.

However, despite the remarkable burn rate, SHIB’s price has yet to reflect substantial gains, currently consolidating with a 5% decrease on a weekly basis.

PEPE market cap approaches $500 Million

In a separate development, Pepe Coin (PEPE) has surged back into the limelight, with its market cap approaching a formidable $500 million. Following a downtrend, PEPE witnessed a remarkable revival in October 2023, doubling its market capitalization. At press time, the meme coin’s market cap was $458,176,826 according to data from Coinmarketcap.

The coin’s unique features, including a deflationary mechanism and redistribution system, contribute to its appeal.

As PEPE continues to attract attention, experts speculate on potential future price increases, with the advancement of the Shibarium layer-2 blockchain solution considered a key factor.

Memeinator MMTR token presale thrives

Meanwhile, the Memeinator project is making waves with its MMTR token presale. Leveraging cutting-edge technology, AI insights, and a mission to eliminate subpar memes, Memeinator aims to be the ultimate meme coin.

During its presale, MMTR token prices are experiencing regular increases every few hours, contributing to the token’s momentum. The project also introduces innovative products like the Memescanner and the Memeinator game, adding utility beyond the meme trading space.

For those eager…

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