The post SHIB Burns Skyrocket 1,306% with 30,156,987 SHIB Gone Forever appeared on BitcoinEthereumNews.com.

Data shared by popular data tracker Shibburn, which monitors SHIB burn transactions and then shares the details on its website and X page, has revealed that over the past day, a substantial amount of meme coins was driven out of the circulating supply. Meanwhile, the situation on the crypto market has started leveling up, and the SHIB price has staged a recovery of over 5%. SHIB burns surge 1,306% The aforementioned data source revealed that over the past 24 hours, the SHIB community has succeeded in disposing of an impressive amount of meme coins. Their cumulative efforts have made it possible to burn 30,156,987 SHIB, which drove the daily burn rate 1,306%. That progress was achieved thanks to four burn transactions, where the largest ones carried 18,910,211 SHIB and 10,326,663 SHIB. As for the previous day, on Wednesday, the daily burn rate surge was registered at 107%. As for the weekly burn rate, the tweet published by Shibburn shows that while this metric only rose by 50.8%, the number of coins destroyed over the past seven days constitutes 142,062,714 SHIB. It has been a productive week for SHIB burns so far, as this value is almost 5x compared to what was burned in the last day. HOURLY SHIB UPDATE$SHIB Price: $0.00001434 (1hr -0.55% ▼ | 24hr 0.35% ▲ )Market Cap: $8,447,369,087 (0.34% ▲)Total Supply: 589,255,346,351,380 TOKENS BURNTPast 24Hrs: 30,156,987 (1306.07% ▲)Past 7 Days: 142,062,714 (50.8% ▲) — Shibburn (@shibburn) February 27, 2025 Crypto market recovers After a week of crashing and floating in the red, the cryptocurrency market has begun to recover. CoinMarketCap shows that the top 20 and most top 100 currencies have returned to the green zone. The world’s bellwether cryptocurrency, Bitcoin, has experienced a 2.45% rise after its price crashed from $89,100 to $83,750 on Feb. 26.…

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Filed under: News - @ February 27, 2025 11:19 am