CandleFocus SHIB Burns Jump 108% With Price on Verge of Breakout – Here's Major Nuance
2024-10-28
Author: Content Editor
The burn rate of the SHIB meme coin has increased by 108%, with nearly 100 million SHIB coins being burned in total. Despite this, SHIB has only seen a 2% rise in price and a 3.15% surge since Friday. The weekly burn rate has surged by 108.73%, with 95,442,500 SHIB coins transferred to unspendable addresses. However, the daily burn rate has decreased by 74.88%, with 9,762,549 SHIB coins destroyed. There have been minimal burn transfers recently, with only one transfer today and one transfer on Sunday. Last Friday, the burn rate saw an astonishing increase of 65,529.67%.
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