๐ Hey there, crypto fans! A recent tweet from Shibburn has shed light on some significant changes in the Shiba Inu (SHIB) burn rate and its price. Letโs dive in! ๐
๐ฅ **SHIB Burn Rate Drops 62%**
According to Shibburn, the burn rate of SHIB has plummeted by over 62% in the last 24 hours. This means only 93,088 SHIB tokens have been burned, across just 3 transactions. ๐ฎ
Updated info shows a bit of improvement, with the burn rate now down 17%, and a total of 210,439 SHIB moved to unspendable wallets. The largest burn transfers were 117,351 and 50,000 SHIB. ๐ฅ
๐ **Weekly Burn Update**
On a brighter note, the weekly burn stats are impressive! Nearly 400 million SHIB have been burned, marking a whopping 743.98% increase. ๐๐ฅ
๐ **SHIB Price Dips Below $0.00002**
Today, SHIBโs price dropped 5.15%, slipping below the crucial $0.00002 level to $0.00001986. This follows a similar decline on Friday, although it bounced back above $0.00002 later that day. ๐
This price movement mirrors Bitcoinโs recent performance. Bitcoin dropped 2.77% on Friday and another 1.75% today, now trading at $65,453. ๐๐
๐ฎ **Whatโs Next for Bitcoin and SHIB?**
Despite the recent drops, thereโs a silver lining! Whales holding 10 or more Bitcoins are buying the dip. According to Santiment, their BTC holdings are back to levels from two years ago. Since then, Bitcoinโs market value has surged by 226%! ๐๐
Historically, when Bitcoin rebounds, altcoins like SHIB tend to follow. So, keep an eye on the market โ
we might see some exciting upward movement soon! ๐
Stay tuned and happy trading! ๐๐ฐ
