CandleFocus SHIB Burn Rate Prints Massive 588% Rise, Price Mirrors This Surge, But There's Catch
2025-02-19
Author: Content Editor
Shibburn, a blockchain tracker, has reported a significant increase in the SHIB burn rate, with a large number of meme coins being burned. The SHIB price has also seen a slight increase in the same direction. In the past day, the Shiba Inu community has successfully driven the SHIB burn rate up by 588.25%, with a total of 15,492,566 SHIB being burned. Weekly burns have decreased by 37.88%, with a total of 81,938,935 SHIB destroyed in the past seven days. Despite this, there are still a massive number of SHIB coins in circulation. To achieve a higher price level, many believe it is necessary to burn at least 90% of the supply. Additionally, a SHIB marketing expert named Lucie has warned about the unpredictable nature of the market and emphasized the importance of knowledge and strategy for survival.
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