According to U.Today, data recently shared by the Shibburn team shows that in the past 24 hours, the SHIB Corps transferred a large number of Meme coins to the "Hell" wallet, burning these SHIB coins and making them unrecoverable. At the same time, the price of SHIB coins has recovered after yesterday's plunge, and the mysterious SHIB leader Shytoshi Kusama posted a festive tweet.

As reported by the aforementioned data source, the loyal SHIB community, including enthusiastic individuals and legal entities, has transferred 87,760,994 SHIB to unspendable blockchain wallets since yesterday morning. These burns have driven the overall SHIB burn rate to a staggering 48,554.74%. So far, there have been only two burn transactions, both of which are very eye-catching because they transferred 61,908,927 SHIB and 25,852,066 SHIB Meme coins to dead-end addresses, respectively.

In addition, Shytoshi Kusama invited SHIB users and Shibarium builders to Dubai to attend the Blockchain Life Forum on April 16 and to say hello to SHIB representatives there. This week, the second largest meme cryptocurrency SHIB has been struggling to break through the $0.00002950 level, but has only managed to touch it twice and has not closed at this price. However, in the past 24 hours, SHIB has recovered half of these losses, rising 5.85% and is currently trading at $0.00002801.