367% SHIB Spike Emerges As 631,404,719 SHIB Disappear in Smoke
Main Idea
Shiba Inu (SHIB) experienced a 367% spike in token burns with over 631 million SHIB removed from circulation, while its price dropped 11% amid a broader Bitcoin decline.
Key Points
1. SHIB burns surged 367.83% in the past week, with 631,404,719 SHIB moved to unspendable wallets.
2. An anonymous crypto whale burned roughly 600,000,000 SHIB in a single transaction.
3. The daily SHIB burn rate dropped 96.89%, with only 18,717,760 SHIB burned in the last 24 hours.
4. SHIB's price fell 11.11% over two days, mirroring Bitcoin's decline from $119,700 to $117,740.
5. The SHIB community continues to actively reduce supply through burns despite the price downturn.
Description
Major SHIB burn spike detected as more than half billion SHIB goes up in smoke
$SHIB
$0.000012993
+1.69%
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