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SHIB Burn Rate Jumps 515.33% — Will Price Follow?
$SHIB
Popular transaction tracker Shibburn, which monitors SHIB transfers to end-of-life wallets, shared that since yesterday morning, the SHIB army has been actively pushing meme coins into the virtual furnace of zero wallets.
Their actions over the past day have sparked a significant spike in the daily burn rate. This happened as the price of the second-largest meme cryptocurrency, Shiba Inu, tried to break out but failed to clear the resistance at $0.00002888.
Popular transaction tracker Shibburn, which monitors SHIB transfers to end-of-life wallets, shared that since yesterday morning, the SHIB army has been actively pushing meme coins into the virtual furnace of zero wallets.
Their actions over the past day have sparked a significant spike in the daily burn rate. This happened as the price of the second-largest meme cryptocurrency, Shiba Inu, tried to break out but failed to clear the resistance at $0.00002888.
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