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SHIB Burns Jump 936%, Price Reacts Unexpectedly
In a shocking turn of events, SHIB burns have seen an astonishing 936% surge in the last week alone. This unprecedented increase has sent shockwaves throughout the cryptocurrency market, with many wondering what could be driving such drastic changes.
According to the latest reports, an additional 62,381,241 SHIB coins were driven out of circulation and locked in unspendable wallets, a monumental 59% decrease in burn rate from the previous week. This staggering drop has left investors scrambling for answers as to why this might be occurring.
Despite the unexpected turn, SHIB’s price is still reeling from the sudden increase in burns, currently trading at $0.00002168 after plummeting by nearly 10%. The cryptocurrency community is abuzz with speculation on what could be behind such an extraordinary shift, ranging from rumors of large-scale whale dumping to potential changes in the burn rate mechanism itself.
As the market continues to digest this sudden development, it’s clear that SHIB investors will need to stay vigilant and closely monitor any further developments.
Source: u.today
