#Shibalnu 🚀🚀🚀🚀
Massive 2,133% SHIB Burn Jump Followed by Surprising 10% SHIB Rise
on-chain SHIB tracker Shibburn, during the past day, one of the key Shiba Inu metrics has spiked, showing four-digit growth.
This increase was followed by the removal of a substantial amount of meme coins as they got permanently pushed out of the circulating supply. This coincided with a large SHIB price upward movement as it surged by roughly 10% overnight.
SHIB burn rate jumps 2,133%
Shibburn, which gains burn transaction data on Etherscan and then brings it for the SHIB army on its website and X account, has revealed that during the last 24 hours, it has spotted six burn transactions, which made it possible to remove a total of 34,312,733 SHIB from circulation.
Thanks to burning that large SHIB amount, the Shiba Inu burn rate metric surged by an impressive 2,133%. Nearly all of the aforementioned SHIB chunk was destroyed in a single transfer, which carried 31,483,015 SHIB to an unspendable blockchain wallet. Two other large transfers moved 1,000,000 and 1,259,569 SHIB to the same destination.
