Marcos189
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Bullish
SHIB burns have increased by 360%
Recent data indicates that in the last 24 hours, the rate of meme coin SHIB leaving the circulating supply has increased by almost 360%, totaling 23,726,896 Shiba Inu.
A total of 22,988,505 SHIB were burned in the largest single transaction involving a meme coin. During the last week, 3x coins were sent to unspendable wallets, permanently leaving the market. Even with the destruction of 66,799,664 SHIB, the burn rate has experienced a decrease of 47.37%, as reported in the Shibburn tweet.
The main goal of burning the coins is to significantly reduce the circulating supply, which could result in a notable increase in the price of SHIB. To date, almost 50% of the original supply of quadrillions has been removed. That amounts to 410,742,899,523,458 SHIB, with 584,158,144,524,778 SHIB remaining in circulation, of which 5,098,955,951,762 SHIB have been deposited.
Recent data indicates that in the last 24 hours, the rate of meme coin SHIB leaving the circulating supply has increased by almost 360%, totaling 23,726,896 Shiba Inu.
A total of 22,988,505 SHIB were burned in the largest single transaction involving a meme coin. During the last week, 3x coins were sent to unspendable wallets, permanently leaving the market. Even with the destruction of 66,799,664 SHIB, the burn rate has experienced a decrease of 47.37%, as reported in the Shibburn tweet.
The main goal of burning the coins is to significantly reduce the circulating supply, which could result in a notable increase in the price of SHIB. To date, almost 50% of the original supply of quadrillions has been removed. That amounts to 410,742,899,523,458 SHIB, with 584,158,144,524,778 SHIB remaining in circulation, of which 5,098,955,951,762 SHIB have been deposited.
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