Shiba Inu prices rose 32% after bouncing off the flag's lower trend line, indicating a breakout. Shiba Inu (SHIB) price looks likely to tank in case crucial nearby support cracks in the wake of a major investor showing his hand. Sign up for BTCC now and claim special deposit bonus! According to SHIB Burn data, the burn rate of Shib tokens has spiked by about 3000% in the space of 1 day. The creator of Shiba Inu claims to have "burned" half the total supply of SHIB by sending it to a wallet address controlled by Ethereum founder Vitalik Buterin. In order to do this, the project usually has burner addresses where the coins cannot be retrieved. The current surge in the burn rate has helped the SHIB to maintain the price surge amid the volatile market. Ripple Unlocks 1B XRP From Escrow Account Amid Ongoing SEC Lawsuit! The information found on this site does not contain any information or messages, but is intended solely for information and personal use. The crypto billionaire destroyed 41% of the total Shiba Inu in circulation, by sending 410 trillion of the meme-based coin to a dead wallet address. 1. The author or the publication does not hold any responsibility for your personal financial loss. Follow Of course, the actual amount is higher than this, with SHIB still down from its previous 2022 highs. This May Be the Next SHIB. An astounding 108,476,685 SHIB were sent to the dead wallet. Also, trillions of Shiba Inu will be burned and taken out of circulation forever. It is unclear what this means for the future of SHIB burns. You can unsubscribe at any time. //
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