CandleFocus SHIB Burns Skyrocket 319,571% — What's Happening?
2024-12-17
Author: Content Editor
The SHIB community has been actively burning meme coins from the circulating supply, with a spike in burn rate resulting in tens of millions of SHIB being sent to unspendable wallets. The burn rate spike constituted a staggering 319,571.27%, with a total of 35,713,674 SHIB removed from circulation. Additionally, the past week has seen a total of 138,987,010 SHIB coins destroyed. The SHIB price has been relatively stable, with attempts to surpass resistance levels unsuccessful so far. The correlation between SHIB and Bitcoin, which reached a new all-time high, seems to have been lost. Currently, SHIB is trading at $0.00002738.
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