#AIandStablecoins
The *Shiba Inu (SHIB)* community is at it again! 🐕🔥 They’ve ramped up their *burning efforts* to reduce the supply and hopefully drive up the value of SHIB. But here’s the twist – despite the *massive burn*, SHIB’s price has *dropped by over 3%* since Sunday. 🤔 So, what’s really going on? Let’s break it down! 👇
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*🔥 SHIB Burn Rate Shoots Up by 1,190%!*
In the last 24 hours, the *SHIB community* has burned an *impressive 44,011,839 SHIB* tokens. That’s a ton of tokens made permanently unspendable! 💥🔥 Here’s how it went down:
- 🔹 *Biggest burns*: Two anonymous *whales* sent *20.8M SHIB* and *20.4M SHIB* to burn addresses.
- 🔹 *Weekly burn stats*: A total of *82.93M SHIB* have been burned in the past *seven days*.
- 🔹 *Burn rate increase*: The *burn rate* is up by *32.13%* compared to last week. 🔥🔥
That’s a huge increase, right? It looks like the *SHIB army* is serious about cutting down the supply to *potentially boost price*.
