Shib Burns blows 2,060,231%, but here’s a big catch

Shiv’s burn rate has been rising incredible, reaching seven-digit figures since last morning. Still, the amount of coins in burning memes is not surprising, despite the high growth rate.

 

In the meantime, SHIB prices have risen 9% today after nearly doubled collapsed on Sunday.

 

Shib Burns jumps 2,060,231%, but here’s the catch

Over the past 24 hours, Shiba Inu Meme Coin’s burn rate has skyrocketed with a heart-wrenching 2,060,231.23%, according to the Shibburn Wallet Tracker. However, the number of coins destroyed overnight consists of only 13,392,153 Shivs.

The biggest transfer took 9,999,999 shiv to a wallet that could not advertise. The second largest transaction moved 1,216,499 shibs out of the circulation. According to Shivburn’s website, the other two burn transfers were slightly smaller than 1,000,000.

Looking at weekly burns, we see that the community has managed to get rid of nearly 200 million meme coins (a total of 191,449,298 shivs).

Topsive executives comment on the market crash

The official marketing lead of the SHIB team, known by Lucy’s pseudonym, has published a tweet. She proposed to her the current Bloodbath that smashed the cryptocurrency market.

Lucy believes the market is being “manipulated” by “heavy politics.” She assumes that many people are suffering from severe stress because of this. “People are mentally broken.” She said the weak crypto project “seeking someone to take responsibility,” but other builders continue to build, but probably means Shiv Team.

Now, Lucy said: “His real value is the way he builds the project and the strong foundation behind it.”