The Shiba Inu community has pushed the SHIB burn rate high this time, removing millions of the meme coins
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The SHIB army continues to make every effort to reduce the circulating supply of the meme coins. Since last morning, it has succeeded in burning a staggering amount of SHIB, pushing theRecent figures publicly shared by the Shibburn explorer show that over the period of the last 24 hours, thanks to the mutual effort of the community 12,702,169 SHIB meme coins have been destroyed cumulatively.
Meanwhile, the second-biggest meme cryptocurrency in terms of market capitalization value continues to move in a range striving to break out. With a strong support level at $0.000022, the popular meme coin faces a strong resistance level at $0.000026 as it has been attempting to surge above it and hold there to no avail so far.
Over the last week, SHIB has seen multiple volatility curves with manifold price dumps and surges. Over the past 24 hours, the asset increased by more than 6%, rising from $0.00002515 and touching $0.00002628. However, it was taken down by a pullback to $0.00002548 – a decline of 5.17%. The coin managed to recover 2.53% by now and is
According to the Shibariumscan explorer, there has been a significant increase in transaction volume over the past days. The transaction count plunged to 6,000 on May 14, then showing a 209.33% rise on May 20, soaring to 18,560 transactions. Currently, thisYuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
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