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Data provided by independent tracking platform Shibburn, which collects transaction data on Etherscan and then shares it on its website and X account, revealed a huge amount of data. Gray High burning rate during the last day.
Meanwhile, the price of the memecoin showed a rise of almost 4% as it made another attempt to break the $0.00002177 resistance level. As of this writing, SHIB is trading at $0.00002173 per coin.
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SHIB fires jump 1,193%
The aforementioned data source broke news of a staggering increase in SHIB's burn rate over the past 24-hour period – just over 1,193%. The rise was driven by the removal of 6,037,310 SHIB from circulating supply, according to a tweet posted by Shiburn earlier today.
The two largest token burn transactions here carried 2,511,360 and 1,000,000 SHIB eighteen and sixteen hours ago respectively.
As for weekly burns, the increase was 72.74%, with 76,236,965 SHIB burned and locked in non-exchangeable SHIB blockchain addresses.
Chitoshi Kusama is excited for TREAT's next release
In a recent post He promised to reveal the reason today, on January 10, perhaps in an AMA session or in a series of tweets.
He also hinted at an important development or event related to the approaching official release of this token. In a previously published tweet, another SHIB team executive – Lucy – posted what appears to be the scheduled release date for TREAT: January 14, 2025. On the same day, according to X’s post, US-based cryptocurrency exchange KuCoin intends to list this new token.
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