CandleFocus SHIB Burns Skyrocket 104%, Here's Surprising Twist
2025-01-16
Author: Content Editor
The SHIB community has successfully burned a substantial amount of meme coins, permanently removing them from circulation, leading to a surge in SHIB's price. The burn rate increased by over 104% with 19,291,423 SHIB coins burned in less than 10 transactions. However, the actual amount burned is slightly higher at 26,221,803 SHIB. Over the past week, the SHIB community burned a total of 86,633,313 SHIB, but the burn rate decreased by almost 16%. Shiba Inu, the second most popular meme-inspired coin, also experienced rapid growth. The developer of Shiba Inu, Shytoshi Kusama, warned the community about possible scams related to the launch of a new token called TREAT.
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