Shiba Inu ( SHIB), has been reducing its recent burning activities, but despite this, the upward trend of the price attracted attention.
offering data on SHIB burns shibburnanalytics platform, SHIB It attracted attention after the new burning reports published by . Regularly performing combustion operations SHIB had reduced the burning rates in recent days. While we expected this situation to reflect negatively on the SHIB price, the opposite happened. positively priced SHIBexcited many memecoin investors, especially its ecosystem.
Data on Combustion Processes Announced
shibburn According to data provided by the company, 1,250,000 SHIBs have been burned in the last 24 hours, with moves from the Shiba Inu community removed from the circulating supply. These SHIB incinerations were carried out in two processes and 1,000,000 SHIB was burned in one and 250,000 SHIB in the other.
Despite the decrease in SHIB burning rates, the upward trend in its price has been one of the healthy data for memecoins. The re-igniting of the memecoin frenzy in recent days, Dogecoin ( DOGE), Shiba Inu ( SHIB) and especially Floki Inu ( FLOKI) paved the way for great rises.
