The number of SHIB destroyed has increased dramatically: an in-depth analysis of the truth behind it and the market impact

Recently, SHIB's destruction data has shown a jaw-dropping change, with the number of SHIB destroyed soaring by 49,464%. This phenomenon has attracted widespread attention and speculation in the market. What exactly caused such a violent fluctuation?

According to the latest Shibburn tracking data, on Saturday, November 23, Shiba Inu’s destruction rate experienced an extremely alarming spike, reaching a whopping 49,646%. On this day, more than 175 million SHIB tokens were permanently locked in unusable blockchain addresses.

Coincidentally, this sharp increase in the burn rate coincides with an increase in SHIB prices. During the same period, SHIB price saw a significant upward move, rising by more than 10% as its price climbed from $0.00002523 to $0.00002784.

However, as of CoinMarketCap data statistics, SHIB is currently trading at $0.00002557, with an increase of only 1.53% in the past 24 hours, showing the complexity and variability of price fluctuations in a short period of time.

Although the weekend destruction activity data looks quite "scary" and gives a strong signal that the market is about to undergo major changes, in fact, if viewed from a more macro-week time span, the destruction rate is not continuous. High growth trend.

During this week, although the Shiba Inu community did burn a total of 195 million SHIB tokens, surprisingly, the burn rate did not rise but fell, with a decline of 69.49%.

This shows that it is difficult to accurately judge the long-term destruction trend and market direction of the SHIB project simply from short-term destruction data fluctuations. It requires more in-depth analysis and consideration of multiple factors to gain insight into the real market logic and potential impact behind it.

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