$SHIB
📰 The Shiba Inu community witnesses a stunning coin burn amid falling prices
💥 Amazing increase in the burn rate of Shiba Inu coin
In an unprecedented 24-hour period, the Shiba Inu community experienced a massive coin burn, with approximately 13 million SHIB coins being burned. However, the surprise was that the coin's price fell by more than 3% despite this significant event.
During the burn process, two main transfer operations stood out:
The first was for 5 million SHIB
And the second was for 7.5 million SHIB
These coins were sent to unreachable wallets (i.e., they cannot be recovered).
Despite these figures, the price of SHIB dropped from $0.00001168 to $0.00001124, prompting the official team to issue a stern warning about counterfeit coins.
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📊 The burn rate of Shiba Inu coin accelerates
According to data from Shibburn, the burn rate increased by 12,833% compared to the previous day.
Community members sought to reduce the circulating supply by sending 13.09 million SHIB coins to burn addresses.
Key highlights include:
Two main operations accounted for the largest portion (5 million + 7.51 million SHIB)
The total coins burned since 2021 reached 410.75 trillion SHIB
The remaining coins in circulation currently: 584.53 trillion SHIB
Despite this significant burn, the price drop indicates that reducing supply alone is not enough to support the price in the short term.
