Shib Burns jumps 984%, but here’s a big negative nuance

Data recently shared by the Shibburn Tracking platform, which selects data from Etherscan, revealed that a massive increase in Shib Burn rates occurred overnight. This metric shows triple digit growth, just a few steps away from the four-digit one.

This is a striking converse alignment of the cryptocurrency market that brought it back into the green zone.

Shiv burns 984%, but here’s the catch

The aforementioned data source published a tweet, showing a significant increase of 984.58% in Shib Burn metrics that have occurred over the past 24 hours. This rise was achieved thanks to the community removing a total of 16,943,184 shivs from the circular supply and removing it into an undelivered wallet.

Shivburn’s website, which publishes a list of burn transactions, shows that there have been eight burn transfers so far. The largest transactions moved 9,999,999 SHIBs, 4,370,629 SHIBs, and 1,279,360 SHIBs out of the circulation. These transfers were performed by three different anonymous wallets.

However, weekly shiv burns show negative dynamics. In the past seven days, the burn rate has plummeted by 57.6% despite 79,504,387 Shivs being removed from market distribution.

$1 from Shiv – “Not impossible”: chatgpt

Lucy has published a tweet about Shiv, which could surge to $1 in the future. The SHIB executive said she often only thinks about a potential surge of $0.01.

However, she experimented with ChatGpt and was delighted to be surprised by the answer she got, saying that reaching a dollar was “not impossible.” However, the AI ​​chatbot said it would take a “perfect storm” to drive memecoin to the highest ever.

According to CHATGPT, the next driver may help push the second-largest meme coin to a $1 price record. Shivalium adoption scaling (which means more transactions and therefore burning larger shivn), Shiv is leveraged in everyday apps (payments, games, identity, etc.). Trillions over time.

Currently, Shiba Inu is trading at $0.00001233 after showing a price rise of 6.2% in the last 24 hours as Crypto Market began to recover after a recent plunge.