#SHIBA🚀
Shiba Inu Coin's burn rate has soared more than a thousand times: Is it going to rise sharply?
Shiba Inu Coin's burn rate, or destruction rate, has soared by more than 1,000%! As the network becomes more and more active, everyone guesses that the price may rise sharply.
Shiba Inu Coin's destruction rate has risen by 1,041% in 24 hours. This momentum is too strong, and everyone thinks that the price will rise. According to Shibburn's data, the Shiba Inu network destroyed 6.54 million SHIBs in the past 24 hours, of which a wallet destroyed 2.14 million at once. The wallet address is "0x608...9fe80". The destruction rate has increased so sharply, which is related to the network activity.
The destruction rate has fluctuated greatly before. For example, 10.31 million coins were destroyed on October 1, and the destruction rate was 320%. There was another time when the destruction rate soared to 33,000%, and more than 1 billion coins were destroyed in 24 hours. The destruction rate on September 28 was also fierce, with a 19,930% increase and 1.88 billion coins destroyed.
As the destruction rate increased, analysts began to speculate that the price of SHIB would rise sharply. Data from CoinGlass shows that the open interest of SHIB futures has increased by 20% to $52.93 million, which shows that people are increasingly wanting this asset. As a result, the price of SHIB has increased by 6% in 24 hours to $0.00001785. The trading volume has also soared by 26%, with $492 million traded in 24 hours.
SHIB's big players are also increasing their positions. CNF said that those big players holding 100 billion to 10 trillion tokens are increasing their holdings of SHIB, which shows that they are optimistic about the future of SHIB. Data from IntoTheBlock also shows that more than 120,930 addresses bought more than 550 trillion SHIB in the price range of $0.000014 to $0.000018.
The US stock market closed higher last night. If nothing unexpected happens, Christmas will pass safely. Then the market after Christmas is expected to be Trump's coming to power, so you can consider buying some at this stage. There will be hyped copycats later. The target has been selected, and the return will be doubled. Didi, who has a position, should jointly plan for this wave of expectations!
