Prominent crypto tracker Shibburn has published data showing that the SHIB community has remained dedicated to removing meme coins from the circulating supply.
The spike in the burn rate over the past day has constituted six figures, with several tens of millions SHIB sent to a virtual furnace.
Burn rate spikes 319,571%
A tweet published by Shibburn earlier today reported that the SHIB burn rate spike comprised a staggering 319,571.27%, while the community has pushed 35,713,674 Shiba Inu meme coins out of the circulating supply, locking those SHIB in unspendable wallets for good.
The three biggest transfers carried 15,546,918 SHIB; 11,196,225 SHIB and 8,804,670 Shiba Inu meme coins.
If we look at the SHIB burns conducted during the past week, we see that it is slightly in the red zone, showing minus 94.31%. However, the actual amount of destroyed SHIB coins is roughly four times bigger and constitutes 138,987,010 SHIB.
As covered by U.Today, on Monday, an anonymous whale helped burn SHIB coins, transferring 20,035,968 SHIB to a dead-end wallet in a single move.
card
SHIB price unfazed by new Bitcoin record peak
On Monday, the world’s leading cryptocurrency, Bitcoin, succeeded in reaching a new all-time high of $107,780. While SHIB has reacted to the price dumps and surges of BTC before, this time, the correlation between them seems to be lost so far.
After printing a more than 22% recovery last week, the SHIB price has been moving sideways in a slightly descending trajectory. After dropping from the $0.00002978 level behind, SHIB has been striving to surpass the $0.00002822 resistance but has failed so far.
After a minor 2% increase today, the second biggest meme coin in terms of market capitalization size, SHIB, is changing hands at $0.00002738.
🚨 Will 13 Trillion SHIB Hold or Break? I Sense Massive Bullish 🚀
Shiba Inu (SHIB) is at a critical point as it approaches the 13 trillion SHIB support level. 🔥 This zone could either trigger a comeback rally or open the door for a deeper drop.
SHIB recently failed to stay above $0.00002800, showing weak momentum. 📉 If the current support breaks, prices might fall to $0.00002249 or even $0.00002031—levels bulls must defend to avoid bigger losses.
Trading volume has dropped significantly, showing less interest from buyers and sellers. Without a volume boost, recovery could be tough. But if buyers step in and hold this key level, SHIB could rally back toward $0.00003000! 🚀
For now, all eyes are on 13 trillion SHIB. Will it hold strong or crack under pressure? 👀 #ShibaPricePrediction $SHIB
Please note that it is important to claim your staking rewards before the snapshot deadline by 00:00 UTC on December 15, 2024 for the reward tokens to count towards the $MONKY airdrop.
While your staked tokens already count towards the airdrop, and you do not need to unstake your tokens, unclaimed rewards in the staking contract will NOT be eligible.
So, ensure your STAKING REWARDS are CLAIMED and in your wallet by December 15, 00:00 UTC to maximize your $MONKY airdrop allocation!
NOTE: This only applies to UNCLAIMED staking rewards on the Floki and TokenFi staking platforms. Your staked tokens DO NOT have to be unstaked, and they will count towards the airdrop.$FLOKI
🚀 In the world of cryptocurrency, a new player has emerged — CYBRO! With tokens priced at $0.04 during the presale, the project has already raised $4 million. Investors are thrilled about the opportunities of the multi-chain DeFi platform. A growth of 1200% is forecasted!
🔍 Want to know more? Share your thoughts in the comments! Do you think CYBRO will be the next market leader?