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U.Today – According to data provided by the public on-chain SHIB tracker Shibburn, the previous day, one of the main metrics spiked, showing four-digit growth.
This increase was followed by the removal of large amounts of meme coins as they were permanently pushed out of the circulating supply. This coincided with a huge increase in the price of SHIB as it increased by almost 10% overnight.
SHIB’s burn rate jumps to 2,133%
Shibburn, which obtained Etherscan burn transaction data and then brought it to the SHIB army on its website and X account, revealed that in the last 24 hours, it found six burn transactions, which making it possible to remove a total of 34,312,733 SHIB from circulation.
Thanks to burning that large amount of SHIB, the Shiba Inu burn rate metric increased by an impressive 2,133%. Almost all of the aforementioned SHIB chunks were destroyed in one transfer, bringing 31,483,015 SHIB to an unspendable blockchain wallet. Two other large transfers moved 1,000,000 and 1,259,569 SHIB to the same destination.
Shytoshi Kusama walks away from X
Today, the mysterious leader of SHIB widely known throughout the community as Shytoshi Kusama, took to his official X account to inform the SHIB army that he intends to disappear from social media for a few days since he has a new the Shibarium token TREAT to be launched and “2 very important papers to be completed.”
During the last days of December, Shytoshi announced the launch of his personal podcast, which consists of 44 episodes, where he will talk to the community about the tech things that the SHIB team is building, what has already been launched and what their plan is. release immediately. Kusama also tweeted that 2025 will be “epic.”
Shiba Inu price increased by 10%
Last day, the price of the second largest canine-themed meme coin SHIB shocked the market by jumping more than 10%. SHIB rose rapidly from $0.00002258 and managed to reach the $0.00002490 level. Currently, meme coin has returned 1.77% and is changing hands at $0.00002451.
SHIB’s recent price action showed as the world’s largest cryptocurrency rose 3%, rising from $96,000 to the $98,950 level in a short time. Currently, BTC is trading at $97,950 after marginal retrace.
