Shiba Inu community continues to reduce circulating SHIB supply by burning tons of these meme coins
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Popular tracking platform Shibburn has published two tweets that show a drastic increase in the SHIB burn rate, which happened within just a single hour and almost pushed this indicator out of the red zone. Now, just less than 5% stands between the More than 40 million SHIB has been destroyed within that hour, in addition to more than 10 million of them burned earlier today.The first tweet shows that the amount of meme coins burned in the past 24 hours totaled 17,158,090 SHIB, with the burn rate being -71.58%. The tweet published an hour later showed a figure that exceeded that one by 40.3 million - 57,468,719 SHIB, and the burn rate went up to -4.82%.
However, Bitcoin maximalists have been slamming Ethereum, along with the ETFs based on its spot price. Among them are Max Keiser, Samson Mow and Anthony Pompliano. Keiser believes that while spot Bitcoin ETFs have increased Bitcoin’s appeal as digital gold, Ethereum ETF will decrease ETH's appeal to investors. JAN3 CEO Mow pointed out that the Ethereum price hardly reacted to the approaching ETF launch.Yuri is interested in technology and technical innovations.
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