Shiba Inu Burning Rate Increases by 5545% as the SHIB Community Burns Over 61 Million Tokens

In the past 24 hours, the meme coin market has witnessed a 4.1% growth. As per the trend, the second largest meme coin by market capitalization, Shiba Inu, has recorded a 3.2% increase. Notably, during this period, the Shiba Inu burn rate has significantly increased by 5545.73%. SHIB Army Burns Over 61 Million SHIB Within 24 Hours In just the past 24 hours, the SHIB community has burned at least 61,468,595 SHIB tokens. During the same period, the burn rate has skyrocketed to about 5545.73%. Reports indicate that the token burn is carried out by executing seven transactions to send SHIB to non-spendable wallets. Data from Shibburn shows that the largest transaction among these is the burn of 48,266,929 SHIB tokens, while other notable transactions include burning 6,008,171 SHIB tokens and 3,939,558 SHIB tokens. SHIB Price Action: Increase and Decrease At the beginning of this month, the price of SHIB was $0.00001790. On November 4th, the price dropped significantly to a low of $0.00001687. However, from November 5th to November 11th, the price increased sharply from $0.00001689 to $0.00002789, marking a strong increase of 65.12% in just seven days; notably, on November 10th, the market increased by 27.04%. On November 14th, the market dropped again to a low of $0.00002341. Since then, the price of SHIB has fluctuated between $0.00002343 and $0.00002593. Yesterday, the price of SHIB witnessed a significant increase of nearly 5.58%. However, as of the time of writing, the price has decreased by 1.55%.

Luice’s Message to the SHIB Community In the message sent to the SHIB community, the marketing director of Shiba Inu, widely known by the name Lucie, emphasized the importance of patience and commitment over promotional programs and influential people. She advised the community to focus on organic growth and ignore the bad actors. Lucie’s message to the SHIB community basically reflects the organization’s commitment to building real projects while avoiding the pitfalls of unnecessary rigidity. In summary, the community’s efforts to burn SHIB tokens reflect their dedication to improving the ecosystem. Despite price fluctuations, Lucie’s calls for patience and focus bring light to the community. DYOR! #Write2Win #Write&Earn $SHIB {spot}(SHIBUSDT)