During the past 24 hours, the Shiba Inu community has burned a significant amount of meme coins, resulting in a surge in the burn rate of the SHIB token. Over 3 million SHIB coins were burned, with the largest transfers removing a total of 2.2 million SHIB from circulation. However, despite the increased burn rate, the SHIB price has not seen a corresponding increase. The total amount of SHIB burned in the past week is much higher, but the burn rate has decreased compared to the previous week. In terms of price, SHIB experienced a surge followed by a decline, mirroring Bitcoin's trajectory. Additionally, the community is celebrating the pardon of Ross Ulbricht, the founder of the Silk Road darknet marketplace.



Other News from Today