SHIB Burns Skyrocket 319,571% — What’s Happening?
The post SHIB Burns Skyrocket 319,571% — What’s Happening? appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Prominent crypto tracker Shibburn has published data showing that the SHIB community has remained dedicated to removing meme coins from the circulating supply. The spike in the burn rate over the past day has constituted six figures, with several tens of millions SHIB sent to a virtual furnace. Burn rate spikes 319,571% A tweet published by Shibburn earlier today reported that the SHIB burn rate spike comprised a staggering 319,571.27%, while the community has pushed 35,713,674 Shiba Inu meme coins out of the circulating supply, locking those SHIB in unspendable wallets for good. The three biggest transfers carried 15,546,918 SHIB; 11,196,225 SHIB and 8,804,670 Shiba Inu meme coins. HOURLY SHIB UPDATE$SHIB Price: $0.000027 (1hr 0.68% ▲ | 24hr -3.86% ▼ )Market Cap: $15,909,188,563 (-3.93% ▼)Total Supply: 589,257,186,387,669 TOKENS BURNTPast 24Hrs: 35,713,674 (319571.27% ▲)Past 7 Days: 138,987,010 (-94.31% ▼) — Shibburn (@shibburn) December 17, 2024 If we look at the SHIB burns conducted during the past week, we see that it is slightly in the red zone, showing minus 94.31%. However, the actual amount of destroyed SHIB coins is roughly four times bigger and constitutes 138,987,010 SHIB. As covered by U.Today, on Monday, an anonymous whale helped burn SHIB coins, transferring 20,035,968 SHIB to a dead-end wallet in a single move. Related SHIB price unfazed by new Bitcoin…
Filed under: News - @ December 17, 2024 9:19 pm