The popular onchain data platform Shibburn has observed a significant burn transfer of 20 million SHIB tokens, which were sent to an unspendable blockchain address. This transaction was conducted by an anonymous whale who purchased the SHIB tokens and removed them from circulation. In total, the SHIB community has destroyed 20,794,281 SHIB tokens today, increasing the daily burn rate by 34.24%. Over the past week, 122,135,883 SHIB tokens have been burned. Despite these burns, there are still over 410 trillion SHIB tokens in circulation. The price of Shiba Inu (SHIB) has dropped by almost 16% in the past 24 hours, currently trading at $0.00001286. This decline followed a surge in price after the US president mentioned the creation of a US Strategic Crypto Reserve that would include Bitcoin, Ethereum, ADA, XRP, and SOL. Bitcoin initially increased by over 10% but later crashed by 12.18% to $82,760 before recovering slightly to $84,830.



Other News from Today