- SHIB burned in the last 24 hours increased by 1295.29%
- SHIB may hit $0.000008 if the MACD holds the same position identified.
- Whales hold trillions of SHIB but new addresses have refrained from interacting.
According to the Shiba Inu (SHIB) burn official handle on X, an incredible 115,423,184 tokens have been burned in the last 24 hours. This number represents a 1295.29% hike from the amount it was at the end of the November 1 trading period.
HOURLY SHIB UPDATE$SHIB Price: $0.00000779 (1hr -0.06% ▼ | 24hr -1.98% ▼ )Market Cap: $4,584,249,993 (-2.05% ▼)
Total Supply: 589,337,920,566,874
TOKENS BURNT
Past hour: 6,830 (1 transaction)
Past 24Hrs: 115,423,184 (1295.29% ▲)
Past 7 Days: 517,693,943 (60.77% ▲)
— Shibburn (@shibburn) November 3, 2023
The SHIB burn mechanism refers to the process of permanently removing SHIB tokens from circulation. These burned tokens are usually sent to dead wallets, making them unrecoverable and inaccessible.
Furthermore, the objective of the activity is to keep the SHIB price stable in the short term and help increase the value in the long term since supply would have reduced. However, the last 24 hours have not been …
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