SHIB Burn Rate Skyrockets 708% as Shiba Inu Price Surges 25% - Mask Off Tweet Excites the SHIB Army

According to the data published by Shibburn, the Shiba Inu army succeeded in pushing the burn rate to a big height, while SHIB is showing a massive

The Shiba Inu (SHIB) army has managed to push the burn rate to a new height as the SHIB token is showing a massive price increase.

According to the data published by Shibburn, the SHIB burn rate has shown an increase of more than 708% since last morning. However, despite the impressive burn rate rise, the total amount of the meme coin that has been burned is not that high - only 2,760,121 SHIB.

Nearly all of this SHIB chunk was transferred to unspendable blockchain wallets in a single transfer which carried 2,000,000 SHIB. The second biggest transfer moved half a million SHIB to a dead-wallet.

SHIB price now

During the last 24 hours, the second most popular meme cryptocurrency in the market, SHIB, has secured a huge rise, soaring by 25.88% - surging from $0.00001107 and reaching the $0.00001393 level by now.

That price spike finally came after the meme-inspired coin had been plunging since Monday last week. Over that period of time, it collapsed by 36%, falling from the $0.00001726 price mark. Now this massive price loss has been almost entirely regained.

SHIB lead Kusama issues "Mask off" tweet

On Sunday, the mysterious lead developer of the SHIB team known to the global community as Shytoshi Kusama posted a tweet that got the Shiba Inu community excited. He addressed the SHIB army, tweeting “Mask off.”

That tweet featured a Shiba Inu dog sitting in the passenger seat of a car with a window wound down. In fact that was a repost of a tweet published by the Huobi crypto exchange, which signified the beginning of the “National Dog Month.”

Many excited commentators also seemed to consider that a reference to Shytoshi Kusama’s series of recent appearances. Kusama revealed himself to the community as he visited several major blockchain events around the world – in Japan, India and the UAE. However, he wore two masks to avoid unveiling his true face. In India and the UAE he was joined by the top SHIB developer Kaal Dhairya who was also wearing a mask.

The above is the detailed content of SHIB Burn Rate Skyrockets 708% as Shiba Inu Price Surges 25% - Mask Off Tweet Excites the SHIB Army. For more information, please follow other related articles on the PHP Chinese website!