CandleFocus 28,526,813 SHIB In One Hour – What’s Happening?
2025-03-08
Author: Content Editor
The Shiba Inu community has burned a significant amount of meme coins in the past day, with 29,343,261 SHIB being locked up in unspendable wallets. This was achieved through five transactions, with the two largest transfers burning 28,526,813 SHIB in a single hour. However, the overall SHIB price has declined overnight, following the movement of the crypto market. Additionally, the Shiba Inu coin's value dropped by 6% after it was clarified that the US government's newly announced Strategic Crypto Reserve would only include Bitcoin, not other cryptocurrencies like XRP, ADA, and SOL.
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