$SHIB Destruction rate soared 14570%! Is this meme coin about to soar?
Today, SHIB's destruction rate exploded, soaring 14575%! This destruction rate has risen so sharply that many people have also paid attention to it. Some analysts pointed out that this meme coin may have a big explosion. In particular, there is a wallet address that is particularly eye-catching, which has contributed a large part to the recent surge in destruction rate.
According to Shibburn data, the destruction rate of Shiba Inu coin has soared 14575.02% in the past 24 hours! A total of 279.65 million SHIB tokens have been removed from the circulating supply since yesterday. So far, 410.73 trillion of this popular coin have been destroyed from the initial supply. Despite the huge destruction, the current circulating supply remains at 583.53 trillion. It is worth noting that the wallet address "0xa9d...d3e43" is particularly popular today, destroying about 277.58 million tokens alone.
However, the surge in the destruction rate seems to have further boosted market confidence. After all, the removal of tokens will reduce the supply in the market, which will help push up asset prices. With the surge in the destruction rate of Shiba Inu Coin today, the discussion about whether the price of SHIB can hit $1 in the future has intensified.
CoinGlass data shows that the open interest of Shiba Inu Coin rose by about 7% today, which also shows that the market's confidence in SHIB is gradually increasing. As for whether SHIB can still soar in the future, I personally think that the previous high is promising.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very simple to double it. At the same time, I am also preparing to find some potential coins to get to the end of the year. It is no problem to expect more than 10 times the space. If you want to keep up with the message, share it for free.
