Massive 2,133% SHIB Burn Jump Followed by Surprising 10% SHIB Rise
The post Massive 2,133% SHIB Burn Jump Followed by Surprising 10% SHIB Rise 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. According to data provided by the public on-chain SHIB tracker Shibburn, during the past day, one of the key Shiba Inu metrics has spiked, showing four-digit growth. This increase was followed by the removal of a substantial amount of meme coins as they got permanently pushed out of the circulating supply. This coincided with a large SHIB price upward movement as it surged by roughly 10% overnight. Related SHIB burn rate jumps 2,133% Shibburn, which gains burn transaction data on Etherscan and then brings it for the SHIB army on its website and X account, has revealed that during the last 24 hours, it has spotted six burn transactions, which made it possible to remove a total of 34,312,733 SHIB from circulation. Thanks to burning that large SHIB amount, the Shiba Inu burn rate metric surged by an impressive 2,133%. Nearly all of the aforementioned SHIB chunk was destroyed in a single transfer, which carried 31,483,015 SHIB to an unspendable blockchain wallet. Two other large transfers moved 1,000,000 and 1,259,569 SHIB to the same destination. HOURLY SHIB UPDATE$SHIB Price: $0.00002274 (1hr 0.84% ▲ | 24hr 6.27% ▲ )Market Cap: $13,386,574,644 (6.33% ▲)Total Supply: 589,257,088,533,288 TOKENS BURNTPast 24Hrs: 34,312,733 (2133.1% ▲)Past 7 Days: 46,355,986 (-30.37% ▼) — Shibburn (@shibburn) January 4, 2025 Shytoshi Kusama steps away from X…
Filed under: News - @ January 4, 2025 8:26 pm