An intriguing thing has occurred: Shiba Inu, the second most popular meme cryptocurrency, has significantly increased the quantity of SHIB that has been kept in unspendable wallets since this morning.
The SHIB price has made an effort to rise in the interim following its previous decrease.
SHIB burns jump by 103.45%
A bitcoin tracking tool for Shibburn memes has made data about Shiba Inu burns that have occurred during the past 24 hours available. These numbers show that 34,681,610 SHIB had been burned by the SHIB community, raising the burn rate by 103.45%.
Four transfers to dead-end wallets were used to burn this SHIB lump; the largest one held 33,673,855 SHIB meme coins, or 97.08% of the total amount of cryptocurrency burnt.
The SHIB team occasionally participates in these regular meme coin burns, converting a portion of BONE Shibarium petrol fees into SHIB and burning billions of Shiba Inus at a time. The goal of the SHIB community’s meme coin burns is to decrease the amount of SHIB and increase its scarcity.
SHIB team rep expects new ATH before Bitcoin halving
The marketing head for SHIB, who goes by Lucie, tweeted earlier this week that she thought SHIB was the only coin that may surprise the world, even though she acknowledged that Bitcoin and the whole cryptocurrency market were now in a state of price reversal.
Lucie believes that before or shortly after the impending Bitcoin halving event, the meme coin will reach a new all-time high. With less than a month to go, the halving is slated for the second part of April. The all-time high for SHIB was $0.00008845, which was attained in October 2021. After rising by 4.50% in the previous day, SHIB is now trading at $0.0000271.
