SHIB Burn Rate Jumps 1,600%, Here's What Achievement Is Behind This

Nov 13,2022
SHIB Burn Rate Jumps 1,600%, Here's What Achievement Is Behind This
  • 1594% bounce occurred in SHIB scald
  • SHIB still exceeds Tron, and the whale population further decreases
  • SHIB is 30% better than DOGE

Shibburn tracking service project spread the news that the combustion rate of SHIB has increased significantly in the past 24 hours, although the amount of SHIB removed from the cycle is still far lower than that in summer.

1594% bounce occurred in SHIB scald

According to the data information exchanged by Shibburn's Twitter return value, since yesterday morning, the rate of Shib token damage has increased by 1594%, so the amount of meme transferred to Deadlock Wallet is slightly less than 50 million.

The largest transfer here includes 10000000 and 3000000 Shiba Inu.

On Thursday, among the damaged SHIBs, the total number of SHIBs decreased by 9 times - 5712508 tokens.

SHIB still exceeds Tron, and the whale population further decreases

Earlier this week, SHIB ranked 13th on CoinMarketCap, and its total market value exceeded TRX and SOL.

Today, Shiba Inu is still technologically ahead of Tron's local tokens, but Solana has successfully regained a place in front of SHIB.

In addition, according to the data information released by WhaleStats wallet service support, Ether Whales' enthusiasm for SHIB has further declined.

On Thursday, the wallet of 100 large investors in Ether included Shiba Inu with a value of US $82854494. Today, this amount has lost 1 million dollars in SHIB, and now it has reached 81476678 dollars.

SHIB is 30% better than DOGE

This week, with the news of Shiba's Layer 2 protocol first happening on Twitter, Shiba's main performance exceeded the industry-leading meme token Dogecoin, reaching a surprising 30%.

In addition, with the most important FTX trading center entering, SHIB is now looking for more than $8 billion of assets to prevent bankruptcy. SHIB has been improving - different from other BTC and even flagship digital currencies BTC. The latter showed a precipitous decline, which was smaller than ATH in December 2017 and fell to US $17363.