CandleFocus SHIB Burns Suddenly Jump 320%, Will Price React?
2024-09-30
Author: Content Editor
The popular Shibburn tracking platform has reported a significant increase in the SHIB burn rate over the past two hours, pushing it into the green zone. Despite this, the price of Shiba Inu has continued to decline since Saturday. The SHIB burn index jumped to the 320.33% level in the last 24 hours, with 10,312,196 SHIB burned by the community. The largest batch of meme coins burned in a single transaction was 6,942,069 SHIB. The initiator of this transaction is unknown, but it is speculated to be the SHIB team. The burns are now conducted automatically through the Shibarium innovation announced in January. Lucie, a member of the SHIB team, shared news about the upcoming SHIB metaverse, which will bring together various projects and initiatives in one virtual universe. The metaverse is described as the "ultimate HQ for SHIB holders," where they can freely create content and collaborate.
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