6,750% weekly burn rate increase for Shiba Inu tokens, with over 27 million burned in a day.
Shiba Inu (SHIB) recently saw a dramatic 6,750% surge in its burn rate, with over 27 million tokens eliminated in a day, despite a 7.31% price drop. Daily transactions jumped to 1.77 million, indicating strong community support for reducing supply. Analyst Javon Marks noted a hidden bullish pattern, predicting a potential price increase of 355.6%. However, total burns this week decreased by 81.73%, highlighting volatility in SHIB's burn activity.
October 23, 2024
10 Articles