SHIB Burns Record Mysterious 771,019% Surge – What’s Happening?
The post SHIB Burns Record Mysterious 771,019% Surge – What’s Happening? appeared on BitcoinEthereumNews.com.
Data shared by the prominent Shibburn tracker in a recent tweet shows that the burn rate metric has surged enormously, stunning the SHIB community with a six-digit increase. Still, the SHIB batch that has been burned this time is rather small and hardly matches the mammoth increase shown above. Related SHIB burns jump 771,019% The aforementioned data tracker revealed a stunning 771,019% jump in the number of SHIB meme coins burned over the last 24 hours. The number of meme coins that were destroyed as a result of this staggering surge amounts to 18,684,231 SHIB. So far, the largest burn transaction out of the four has recorded 16,035,545 SHIB, gone to an unspendable wallet. It was followed by the removal of 1,070,154 SHIB from the circulation supply. Still, both the tweet and the Shibburn website show a 771,019% rise, which just might mean that a large burn transaction has taken place, but it has not been recorded on the website on the burn transfer list yet. It could be that another several tens of millions of meme coins have been scorched, but the community is not aware of it yet. HOURLY SHIB UPDATE$SHIB Price: $0.00001273 (1hr -0.32% ▼ | 24hr 0.53% ▲ )Market Cap: $7,502,632,012 (0.46% ▲)Total Supply: 589,254,594,876,364 TOKENS BURNTPast 24Hrs: 18,684,231 (771019.73% ▲)Past 7 Days: 74,896,709 (-86.04% ▼) — Shibburn (@shibburn) March 22, 2025 In the meantime, the weekly burn statistics show that, over the past week, the community has managed to dispose of 74,896,709 SHIB meme coins, seeing the burn rate drop by 86.04%. Related SHIB executive teases key feature of upcoming Shibarium L3 Meanwhile, the SHIB team has been working on the Shibarium layer-3 solution for more than a year now. This week, several X posts from the SHIB team have teased this upcoming upgrade, lifting…
Filed under: News - @ March 23, 2025 3:26 am