Popular meme coin Shiba InuAn extraordinary increase in the burn rate of , token was recorded. In this context, it can be said that it has created a wave of madness in the cryptocurrency world again. Additionally, this surge has attracted significant attention in the broader crypto market as it occurs amid SHIB’s price surge.
Moreover, according to the burn information disclosed, the Shiba community seems to have burned millions of SHIB in the past day, increasing market optimism for the token. In parallel, the SHIB price has increased the past day, attracting great attention globally.
Shiba Inu Burning Report
According to data released by Shibburn, the community burned 33.88 million SHIBs in the last 24 hours, indicating a 906.27% increase in the burning rate.
Koinfinans.com Meanwhile, as we reported, the SHIB community meme coinIt appears to have burned a staggering 410.69 trillion SHIB to date from its initial offering aimed at boosting ‘s tokenomics. Simultaneously with this, the community today moved 30.97 million SHIB to an unusable wallet named 0x95ad61…4c4ce.
On the other hand, another significant burning has attracted investors’ attention and recently burned 1 million SHIB. Regarding this, it was noted that the unknown address 0x60812…9fe80 burned the previously mentioned amount.
Simultaneously, in line with the meme coin’s burning history, the SHIB price chart also showed significant gains.
Shiba Inu Price Is Rising
At the time of writing, the Shiba Inu price has increased significantly, reaching $0.000009521, rising 5.34% in the last 24 hours. However, weekly and monthly charts showed significant declines.
Additionally, today’s price increase is primarily attributed to the increase in the burn rate. This supports bullish sentiments for the token. As the Shiba community continues its extraordinary chronicle of cremations, crypto- market fans expect SHIB tokenomics to be supported soon.