Dormant CoinBase User Sparks Attention with Significant Shib Burns
Release: 2024/08/30 22:49 Reading: 873
Shib Burn Rate Soars by 139103.39%
Within the past 24 hours, Shibburn data indicates a significant increase in the burn rate of Shiba Inu (SHIB) by 139103.39%.
Dormant Coinbase Wallet Fuels Burn
A dormant Coinbase wallet (address "0x713") reactivated, burning 96,086,320 SHIB tokens worth approximately $1.35K. This action accounted for the highest burn rate in the last two months.
Shibarium Community Burns Surge
The Shibarium community has reported a notable increase in daily burn rates. In the past 24 hours, a total of 96,634,993 $SHIB tokens were burned.
SHIB Price Remains Subdued
Despite the significant burn rate, SHIB's daily price chart has not shown any significant upward movements. As of writing, SHIB is trading at $0.00001415, with a 0.23% decline over the past 24 hours.
Community Activity Remains High
The Shiba Inu community continues to demonstrate significant activity. Recently, they launched a Decentralized Autonomous Organization to improve community governance.
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