The SHIB community continues to actively reduce token circulation, demonstrating impressive results over the past 24 hours.
Destruction of 100 Million SHIB
According to data from the wallet tracker Shibburn, the SHIB army has burned 100,530,829 tokens in the past day. This amount is the largest recorded for the week in just one day. Most of the tokens were burned in a single transaction, where 100,138,071 tokens were sent to a dead-end wallet. This propelled the burn rate up by 1,488.51%. In total, the SHIB army has destroyed 128,575,727 tokens in the past week, but the weekly burn rate has seen a drop of 87.80%.
Warning from the SHIB Team
The marketing lead of SHIB, known in the community by the pseudonym Lucie, took to social media to issue a warning to the SHIB army. In her recent post, she addressed so-called engagement farmers. Lucie advised the community to ignore the noise and focus on their own investments. She noted that these social media users can do anything for attention, showing no care for crypto holders.
Current SHIB Metrics
Currently, the price of the SHIB token stands at $0.00001528, having increased by 1.12% in the last hour and by 0.28% in the last 24 hours. The market cap of the token is $8,999,160,599. The total supply of tokens is 589,248,593,435,793. In the past 24 hours, 100,530,829 SHIB tokens have been burned, showing an increase of 1488.51%.
The SHIB community continues to actively work on reducing the token supply, which draws interest among investors and cryptocurrency holders.
