by: xpoolPosted on:

Shiba Inu Burns Plummet, But Coinbase Transaction Highlights Potential Silver Lining

Data from public tracking service Shibburn shows a significant drop in Shiba Inu (SHIB) burn rate over the past 24 hours – a notable 23.40% decrease. While this falls within the broader cryptocurrency market downturn, a key silver lining emerges from this trend. Despite the bearish sentiment, SHIB burns have still seen substantial transfers out of circulation, with over 13 million SHIB being sent to dead-end wallets.

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