Massive Increase in Burned Tokens
Shiba Inu’s burn rate has seen a dramatic surge, with over 87 million tokens burned in the past 24 hours. This represents a whopping 48,554% increase!
Two Large Transactions Drive Surge
The surge was driven by two large transactions:
- 61.9 million tokens from the “0xb8001c3” wallet
- 25.85 million tokens from the “0xa9d1e0” wallet
Organic Surge in Sentiment
Unlike previous burn spikes, this surge appears to be organic, driven by positive sentiment among Shiba Inu investors. They aim to reduce the circulating supply, increasing demand and potentially boosting the price.
Price Impact
Shiba Inu’s price has seen a slight increase following the burn transactions. However, the overall market trend remains uncertain, and the price may be subject to fluctuations.
