The SHIB community continues to actively burn tokens, leading to a significant increase in the burn rate and growth in the price of the cryptocurrency.
Increase in SHIB Token Burn Rate
According to data from the wallet tracker Shibburn, over the past day the SHIB community has burned 2,265,904 SHIB tokens, resulting in a 41,016% increase in the burn rate. Despite this impressive surge, the actual number of tokens burned is not significant.
SHIB Price Behavior Model
Over the weekend, the SHIB price showed a series of fluctuations, creating a 'Bull Flag' pattern, which may indicate a potential breakout. The current price stands at $0.00001582, having increased by 1.13% in the last hour and 5.13% over the past 24 hours.
Release of SHIB AI Whitepaper
SHIB developer Shytoshi Kusama released the much-anticipated SHIB AI whitepaper. In it, he presented a grim vision of how artificial intelligence may integrate into humanity's life, claiming he was able to 'travel in time and see the things he described'.
The SHIB community is actively burning tokens, positively affecting the price, while the release of the SHIB AI whitepaper adds to the overall outlook on the future of the technology.
