SHIB Burns Plunge 72%, This is an Instant Price Reaction

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SHIB's community has continued to actively promote the destruction of Shiba Inu Coin (SHIB) over the past period of time, although the recent destruction rate has declined, which also reflects the changes in the current market environment. According to the latest data from the Shibburn tracking platform, SHIB's destruction rate has dropped significantly in the past 24 hours, showing that Shiba Inu Coin's current destruction action faces certain challenges.

SHIB Destruction:

Destruction activities in the past 24 hours:

According to the update of the Shibburn website, in the past day, due to the unremitting efforts of the SHIB community, about 8,738,201 SHIB were removed from circulation and locked in unusable dead wallets. This shows that despite the declining destruction rate, the community is still actively working to reduce the amount of SHIB in circulation.

Declining Burn Rate:

However, despite some burning activity, SHIB's burn rate has dropped by more than 72%, which has caused the indicator of the burn rate to enter the "red zone". This downward trend may be a reflection of market conditions, liquidity issues, or a decline in community participation.

Weekly Burns Are Better:

The situation is slightly better in terms of weekly burn rates. In the past week, 102,867,453 SHIB were sent to dead wallets, and the burn rate soared by 164.53% compared to before. This change reflects the community's progress in long-term burn efforts, but it still faces some volatility in the short term.

Trends in 2025:

Into 2025, SHIB's burn activity still shows a low daily burn rate. According to Shibburn data, in the past nine days, SHIB's fund burn rate has soared by about 1,000% and 2,000% several times, but it is still in a low state of consumption overall. This shows that the volatility of SHIB destruction activities is relatively high, which may be closely related to market sentiment, investor behavior and the latest progress of the project.

SHIB's market performance:

Price drop:

In terms of market performance, SHIB's recent price has fallen by 3.35% in total, and the decline this week has reached 13%. This shows that despite the destruction activities, market sentiment and supply and demand are still in a downturn, which may be due to the market's cautious short-term view of meme coins.

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