CandleFocus SHIB Burns Jump 936%, Price Reacts Unexpectedly
2024-12-23
Author: Content Editor
The Shibburn tracking platform has reported a significant increase in the burning of SHIB meme coins, with millions of coins being transferred to unspendable wallets. Despite this, the price of SHIB has remained relatively unchanged. Over the past 24 hours, 6,690,287 SHIB coins have been burned, resulting in a 936.52% increase in the daily burn rate. In the past week, 62,381,241 SHIB coins have been burned, marking a 60% decrease in the burn rate. After experiencing a 30% increase last Friday, the price of SHIB has since decreased by 9.61% and is currently trading sideways.
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