The number of Shiba Inus torched over the last seven days is provided on the Shibburn Twitter account in millions. According to Shibburn, 22 transactions totaling 282,730,986 SHIB tokens have been destroyed over the course of the last seven days.
The quantity of SHIB burnt in previous weeks exceeded billions. A staggering 4 billion Shiba Inu tokens were burnt in the previous week.
The quantity has stayed high over the last day, burning 45,125,167 SHIB tokens in eight transactions. However, the Shiba Inu burn rate has decreased 87.33% over the past 24 hours.
Shiba Inu rebounds 11%
Shiba Inu has exhibited a comeback of nearly 11% following the dramatic sell-off on the previous day. As of the writing of this article, SHIB has increased 6.87% in the previous day to $0.0000068.
Shiba Inu saw a significant sell-off the day before, falling 21% to lows of $0.00000549. This is due to the fact that the SEC investigation caused the crypto market to experience intense selling pressure, with most cryptocurrencies suffering major losses of up to 25% before modestly recovering.
A Shiba ecosystem representative named Lucie has conveyed the encouraging words of the Shiba Inu head, Shytoshi Kusama, as uncertainty and stillness continue to permeate the market.
In a screenshot posted by Lucie, Kusama addresses FUD while teasing a significant announcement that would probably occur in early July.
In reality, when the time is perfect, the upcoming’something is coming’ video will develop into a display of the newest member of our ecosystem, which is expected to debut in early July. In order to tie everything together, Kusama said, “I’ll demonstrate how we have partnered with the finest decentralised solution that addresses governance, IRL, MV, blockchain, AI, and DAOs in a way that just cannot be accomplished by anybody else on the earth.
