13 billion SHIB tokens were burned during the day, but the price continues to fall
Over the past day, Shiba Inu developers have destroyed more than 13 billion tokens worth about half a million dollars. The combustion coefficient exceeded 23,000%.
The process of burning Shiba Inu tokens took place in two stages. First, the developers burned 9.6 billion SHIB worth just over $332,000, and then, in another transaction, another 3.8 billion SHIB worth about $131,384.
In addition, the developers destroyed 28 LEASH tokens worth $21,600 and 19,551 BONE tokens worth $22,874.
"The tokens were burned by the Shiba developers, but none of this would have happened without the builders and users of Shibarium… There are people who just attract attention by talking about burning, and there are those who are actually working on it — feel the difference," said Lucy, the influencer Shiba Inu, on her page on the social network X (former Twitter).
However, despite the enthusiasm, the price of SHIB has fallen by more than 23% compared to the annual maximum reached on March 5.
According to on-chain analysis, about 90% of SHIB holders are in the black, and some of them are ready to lock in profits. This assumption is confirmed by the influx of tokens into exchange accounts. This factor can drop memcoin to the level of $0.00003084.
