Unprecedented Shift in SHIB Activity Triggers Market Reaction

SHIB Burns Jump 936%, Price Reacts Unexpectedly

The recent significant increase in SHIB burns has led to a drastic plunge in the burn rate of around 60%. This substantial shift has resulted in an impressive 62,381,241 SHIB coins being driven out of circulation and locked in unspendable wallets.

This extraordinary surge in token burn is unprecedented, causing quite an unexpected reaction in the market. The price of SHIB, which previously rose by a significant 30% last Friday, is now facing a decline of almost 9.6%.

Source: u.today