Over the last 24 hours, the rate at which Shiba Inu tokens are being destroyed, or “burned,” has surged over 64,000% according to Shibburn data. This means that approximately 657 million SHIB tokens have been eliminated from circulation during this period. Consequently, the current total number of SHIB tokens that have been burned now stands at a staggering 410,725,564,272,084.
The graph indicates a 6.83% increase in SHIB‘s price day-over-day, implying a potential rebound following the significant market downturn during the weekend.
On way to recovery
From April 11 to 13, SHIB experienced a three-day slide, resulting in a 26.71% decrease and dipping below the $0.00002 support. An earlier recovery attempt during the month failed, leading SHIB into a bearish downtrend, aiming for fresh lows by the week’s end.
Shiba Inu is rapidly gaining ground in the market, coming close to matching Dogecoin’s market value. Yet, even Shiba Inu hasn’t escaped the recent market slump. Currently, indicators from Shiba Inu’s blockchain suggest a predominantly bearish trend.
SHIB army won’t stop
Lately, Lucie, the marketing representative for Shiba Inu, took to Twitter to express her optimism and commitment to achieving the team’s objectives for Shibarium.
In her latest tweet, Lucie highlighted that a major objective for Shiba Inu is to make Shibarium a leading player in the crypto market, disregarding external influences like partnership situations. “We won’t give up,” Lucie emphasized, demonstrating the team’s steadfast determination.
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2024-04-15 18:27