🔥 SHIB Burn Rate Soars 515% — Will the Price Follow? 🚀
The SHIB army is on fire, ramping up token burns in a big way! Over the last 24 hours, 72.8M SHIB were sent to “inferno” wallets, causing the burn rate to surge by a staggering 515%. The biggest burn? A whopping 70.6M SHIB in a single transfer.
But will this impact the price?
Despite the burn frenzy, SHIB faced resistance at $0.00002888 and has since pulled back to $0.00002848. Still, there’s hope — since Dec. 10, SHIB has climbed 17%, showing solid bullish momentum.
🔥 Consistent Burns: SHIB’s devs burn 400M SHIB/month, while community efforts and new crypto projects are also fueling the fire.
📈 Can it break resistance? Bulls are watching closely for a breakout beyond $0.00002888.
💭 Will SHIB’s massive burn rate finally spark a price rally? Drop your thoughts below and follow for more updates! ❤️