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2025-06-15 12:10:01

Layer3.news on Nostr: coindesk.com SHIBA INU PRICE SELL-OFF CONTINUES AS SHIB BURN RATE SKYROCKETS TO ...


SHIBA INU PRICE SELL-OFF CONTINUES AS SHIB BURN RATE SKYROCKETS TO 112,000%


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✍️ Shiba Inu's (SHIB) supply-side dynamics are bullish, with a surge in burn rate and record wallet growth, but the memecoin remains in a downtrend.
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👉 Shiba Inu's (SHIB) burn rate surged to over 112,000%
👉 More than 116 million coins transferred to wallets that cannot spend money
👉 Record wallet growth exceeding 1.5 million unique addresses
👉 Significant increases in Shibarium layer-2 transactions
👉 Double-bottom pattern forming on charts, signaling a potential 20% rally to $0.000016

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#technology
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Shiba Inu's burn rate surged to 112,000% early this week, permanently removing 116 million tokens from circulation.
https://www.coindesk.com/markets/2025/06/15/shiba-inu-price-sell-off-continues-as-shib-burn-rate-skyrockets-to-112-000

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