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According to data provided by Shibburn, SHIB's public on-chain tracker, over the past day, one of the Shiba Inu's key metrics has risen, showing four-digit growth.
This increase was followed by the removal of a large amount of meme coins as they were obtained permanently Kicked out of the rolling show. This coincided with a significant upward movement in SHIB's price as it rose by almost 10% overnight.
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SHIB burn rate jumps by 2,133%
Shibburn, which obtains copy transaction data on Etherscan and then brings it to the SHIB army on its website and account
Thanks to burning this large amount of SHIB, the Shiba Inu's burn rate meter rose by a staggering 2,133%. Almost all of the SHIB parts mentioned above were destroyed in a single transfer, which uploaded 31,483,015 SHIB to an unspendable blockchain wallet. Two other large transfers moved 1,000,000 and 1,259,569 SHIB to the same destination.
Chitoshi Kusama turns away from X
Today, the mysterious SHIB leader widely known throughout the community as Shytoshi Kusama, took to his official X account to let the SHIB Army know that he intends to... Disappear from social media For a few days since he had the new Shibarium TREAT token to launch and "two very important papers to complete."
During the last days of December, Chitoshi announced the launch of his personal podcast, which will consist of 44 episodes, where he will talk to the community about the tech stuff the SHIB team is building, what has already been released and what they plan to release soon. Kusama also tweeted that 2025 will be "epic."
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Shiba Inu prices rise by 10%
Over the past day, the price of the second largest dog-themed meme coin, SHIB, surprised the market by jumping more than 10%. SHIB rose quickly from $0.00002258 and managed to reach the $0.00002490 level. So far, the meme coin is down 1.77% and is trading at $0.00002451.
The SHIB reflects the recent price action shown by Bitcoin as the world's largest cryptocurrency rose 3%, rising from $96,000 to the $98,950 level briefly. Currently, BTC is trading at $97,950 after a marginal correction.
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