, only 106,780,540 SHIB tokens were burned and 29 transactions were made. The current weekly figure represents a nearly 100% increase in tokens burned over the said timeframe.
Likewise, the number of transactions carrying SHIB to be burned is showing a corresponding increase of almost the same magnitude.reported that SHIB recorded its highest daily burn amount since Oct. 12, with 134 million SHIB being burned. After this feat was achieved, the SHIB daily burn amount returned to its former low levels.In the past 24 hours, only 1,099,842 SHIB tokens were burned and five transactions were made. The meager burn amount is reflected in the burn rate, which is 92.
The bulls seem ready for a move as the daily RSI is tilting slightly upward near the 50-neutral mark. Given this, the general picture seems to be that of consolidation. SHIB price may persist in range trading for a while before the next major move. On the upside, the daily MA 50 and MA 200 are levels for bulls to squash to trend higher.
In the meantime, the current SHIB price action is giving holders ample opportunity to accumulate. According to IntoTheBlock data, SHIB is recording the largest percentage of long-term holders, or"hodlers," which is currently 54%. This proportion of holders has exploded in recent months to outnumber both short- and midterm holders.
Burn 99.9%
Not kill zero,,supply over,,😩
shib facts are not in the same league as doge
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