The post SHIB Burns Soar 630% — 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. Data shared by the prominent Shibburn wallet tracker reveals a massive jump in the SHIB burn rate over the last 24 hours. Millions of meme coins have been removed from the circulating supply. As for the weekly burns, over the last seven days, the community has managed to burn more than a hundred million coins. Related Burn rate jumps by 650% The aforementioned data source spread the word about a massive burn rate surge over the last 24 hours. This key metric spiked by more than 630% overnight. However, the actual amount of burned meme coins was not that big and comprised 8,178,754 SHIB. Regarding the weekly burns, a much bigger amount of SHIB has been destroyed — 126,819,168 coins. The growth compared to the week before here constitutes 34.64%, per Shibburn’s tweet. The total amount of meme coins that has been burned over the past few years now constitutes 410,742,833,467,944 SHIB, according to the Shibburn website. HOURLY SHIB UPDATE$SHIB Price: $0.00002187 (1hr 0.51% ▲ | 24hr -0.26% ▼ )Market Cap: $12,880,295,875 (-0.68% ▼)Total Supply: 589,257,167,376,206 TOKENS BURNTPast 24Hrs: 8,178,754 (630.25% ▲)Past 7 Days: 126,819,168 (34.64% ▲) — Shibburn (@shibburn) December 20, 2024 Shiba Inu price action During the last day, the second most popular meme cryptocurrency SHIB has recovered by almost 30%, soaring from $0.00001860 to…

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Filed under: News - @ December 21, 2024 8:16 pm