In an exciting development, the second most popular meme cryptocurrency, Shiba Inu, has seen substantial growth in the number of SHIBs that have been locked in unusable wallets since last night.
In an exciting development, the second most popular meme cryptocurrency, Shiba Inu, has seen substantial growth in the number of SHIBs that have been locked in unusable wallets since last night.
Meanwhile, SHIB price has attempted to recover after the recent drop.
SHIB burns increase by 103.45%
Crypto meme tracking platform Shibburn has revealed data on Shiba Inu burns that took place in the period of the last 24 hours. These figures have revealed that the SHIB community has managed to burn a total of 34,681,610 SHIB, increasing the burning rate by 103.45%.
The burning of this SHIB lump was achieved through four transfers to dead-end wallets, the largest carrying 33,673,855 SHIB meme coins, equivalent to 97.08% of the total amount of cryptocurrencies burned.
The SHIB community conducts periodic meme coin burns in an attempt to reduce the supply of SHIB and make the meme cryptocurrency more scarce. The SHIB team also participates in this from time to time: they convert part of BONE’s Shibarium gas fees into SHIB and burn billions of Shiba Inu at a time.
SHIB Team Rep Expects New ATH Before Bitcoin Halving
Earlier this week, SHIB’s marketing lead, who refers to herself as Lucie, tweeted that while Bitcoin and the entire cryptocurrency market have now entered a price reversal stage, she believes SHIB is the only currency that is capable of surprising the market. .
Lucie expects the meme coin to skyrocket to a new all-time high before the next Bitcoin halving event or shortly after. The halving is scheduled for the second half of April, with less than a month left. The all-time high for SHIB reached in October 2021 was $0.00008845. Currently, after rising 4.50% in the last 24 hours, SHIB is changing hands at $0.0000271.
