Following its launch on March 11, the number of Shiba Inu tokens destroyed that were burned (burn) daily and weekly started increasing rapidly.
Hundreds of millions of SHIB have been burned every day since then, with very few exceptions. This time was one of the exceptions as less than 20 million SHIB were sent to dead wallets.
Meanwhile, this dog-based asset has shown substantial growth over the past week.
15 Million SHIB Burned in 24 hours, 280 Million Shiba Inu Tokens Destroyed
The latest tweet posted by tracker Shibburn shows that in the last 24 hours, the total number of shiba inu tokens wiped out of circulating supply reached 15,139,646 SHIB in just four transactions. U. Today.
Over the past week, nearly 280 million meme coins have been sent to dead-end wallets to be locked there with no chance of being withdrawn or spent.
During the month of March as a whole, according to Shibburn, 7,109,337,371 Shiba Inu were totally burned and locked in both non-consumable wallets and SHIB contracts.
SHIBs rise thanks to DOGE surge In the last 24 hours, Shiba Inu have surged nearly 6 percent, indicating an overall weekly gain of more than 11 percent, according to data shared by CoinMarketCap.
Currently, this prominent meme token is trading at US$0.00001145. This price increase was fueled by the recent surge in Dogecoin, the largest meme cryptocurrency by market cap.
Elon Musk and Dogecoins
Besides events shiba inu token that vanished, yesterday, the owner of Twitter, Elon Musk, suddenly changed the Twitter logo from the famous blue bird to the avatar of Dogecoin.
This made DOGE’s price jump by up to 30 percent in just one hour. Some on Twitter believe that Musk has finally started to fulfill his plans to integrate Dogecoin on Twitter.
The plan is for DOGE to be used as the local currency for micro-payments or creator tips. Maybe this is one of the answers to the rise of the Shiba Inu from the drastic increase in DOGE effect.
Crypto influencer David Gokhshtein has posted several DOGE-focused tweets on his page.
Last year, before buying a 9.2 percent stake in Twitter and becoming its largest single investor. Musk shared in a tweet and podcastsher that she believes Twitter should adopt DOGE.
Because in his view, the meme coin is much more suitable for payments on platforms social media rather than Bitcoin. However, the price increases SHIB from adaptation to use and the number of destroyed shiba inu tokens also plays a big role. [az]