SHIB Burns Skyrocket 340%, Price Reacts Unexpectedly

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SHIB Burns Skyrocket 340%, Price Reacts Unexpectedly
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Shiba Inu’s key metric has shown substantial spike since last morning

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This happened thanks to millions of these meme coins transferred to burn blockchain wallets overnight.SEC Just “Conceded” That ETH Is Not Security, Coinbase’s Top Lawyer Says The mentioned SHIB tracking platform has shared that in the last 24 hours, the daily SHIB burn rate has managed to promptly grow by massive 340.27%.The number of the meme coins locked in the unspendable blockchain addresses has soared to a total of 11,080,178 compared to the 2,516,677 SHIB that was torched by the SHIB community yesterday when this burn metric showed

As per the data shared by the Shibariumscan explorer, the total count of daily transactions on the layer-2 Shibarium blockchain remains deep down. It has even plunged lower compared to September 11, when this metric showed 5,430 transfers to 3,810 on September 12.

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