SHIB burn rate surges by 22,662%! Nearly 38 million Shiba Inu tokens have vanished into thin air, is the next 0.00002 on the way?
The Shiba Inu community is igniting the biggest flame in the bear market!
According to on-chain tracking data from Shibburn, the daily burn rate of SHIB surged by 22,662% in the past 24 hours, this is not a decimal point error, but a real five-digit surge.
Detailed data is as follows:
Two largest burn transactions: 23,571,440 SHIB + 14,388,459 SHIB
Total daily burn: 37,959,900 SHIB
Historical total burn: 410.7 trillion SHIB
Current market circulation: 584.4 trillion SHIB
With the support of the automatic burn mechanism in Shibarium, over 1.1 billion SHIB have been burned in the past week.
On the price performance front:
SHIB started to plummet last Friday, with a single-day drop of nearly 10%, falling from 0.00001586 to 0.00001438. It has slightly recovered but is still in adjustment.
This drop is highly consistent with BTC's retreat from the high of $112,000, representing a "passive reaction" driven by market correction.
My view:
The technical indicators and on-chain data of SHIB have gradually released positive signals, and the current pullback is actually a short-term washout.
As long as the burns continue, supply pressure will keep decreasing; as long as the community is still active, sentiment will not completely die out.
What seems like a "burn during a pullback" is actually laying the groundwork for the next price breakthrough.
