CandleFocus SHIB Burns Suddenly Jump 807% - What’s Happening?
2025-02-10
Author: Content Editor
In the past 24 hours, the SHIB army, a community associated with the meme cryptocurrency SHIB, has burned a significant amount of SHIB coins. The burn rate, which indicates the amount of coins permanently removed from circulation, has increased by 807.68% compared to the previous day. A total of 20,530,875 SHIB coins were burned during this period, causing the circulating supply of SHIB to decrease. The largest burn transactions involved 13,561,250 and 6,327,651 SHIB coins. Over the past week, the burn rate has shown a significant decline of 94.6%, but the total amount of coins transferred to unspendable wallets in that time still exceeds the daily burns by approximately three times, totaling 62,766,791 SHIB coins. In total, 410,744,396,856,118 SHIB coins have been destroyed so far, leaving 584,285,875,445,159 SHIB in the market.
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