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According to data provided by public on-chain SHIB tracker Shibburn, one of the key Shiba Inu metrics has skyrocketed over the past day, showing a four-digit increase.
Following this increase, a significant amount of meme coins were removed as they were permanently kicked out of the circulating supply. This coincided with a significant increase in SHIB prices, which soared by around 10% overnight.
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SHIB burn rate increased by 2,133%
Shibburn, which captures write transaction data on Etherscan and brings it to the SHIB army through its website and I made it clear that SHIB from distribution.
Thanks to burning a large amount of SHIB, the Shiba Inu's burn rate index increased by a significant 2,133%. Almost all of the aforementioned SHIB chunks were destroyed in a single transfer, transferring 31,483,015 SHIB to an unusable blockchain wallet. Two other large transfers moved 1,000,000 SHIB and 1,259,569 SHIB to the same destination.
Kenji Kusama leaves X
Today, the mysterious SHIB leader, widely known throughout the community as Shatoshi Kusama, took to his official X account to inform the SHIB military of his intentions to: disappear from social media for several days as he needs to launch the new Shibarium token TREAT and “two very important documents need to be completed”.
In the last few days of December, Shaitosi announced the launch of his personal podcast. The podcast will consist of 44 episodes in which the SHIB team will talk to the community about the technology products they are building, what has already been launched, and what will be launched in the future. Release soon. Kusama also tweeted that 2025 will be an “amazing” year.
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Shiba Inu prices increase by 10%
Over the past day, the price of the second-largest dog-themed meme coin, SHIB, has jumped more than 10%, surprising the market. SHIB rose rapidly from $0.00002258 and managed to reach the $0.00002490 level. Currently, Memecoin has rolled back 1.77% and is trading at $0.00002451.
SHIB reflects the recent price movement shown by Bitcoin, the world's largest cryptocurrency, surging 3% and briefly rising from $96,000 to $98,950 levels. Currently, Bitcoin is trading at $97,950 after a marginal retrace.
