SHIB Burns Plunge Amidst Market Crash – Shibarium Reaches 10 Million Blocks

Data from the public Shibburn blockchain tracking platform indicates a significant decrease in SHIB burn activity. Over the past 24 hours, daily burns plummeted by 42%, sending the meme coin’s price down to red levels. This decline coincides with a broader market downturn that has seen over $5 trillion wiped off global markets. Despite this, Bitcoin remains resilient, holding above the $80,000 mark. While Nasdaq and other indices have suffered major losses, SHIB burns remain notably low, raising concerns about the community’s commitment to the token’s deflationary model.