New record set by popular memecryptocurrency ShibaInu. $SHIB $DOGE
, within the last 24 hours, the burn rate of the second largest meme coin by market capitalization value has increased by a whopping 1,439.2%. This is clear from the data provided by the Shibburn cryptocurrency tracker that reports SHIB burn transactions from Etherscan.
A total amount of 15,399,176 Shiba Inu meme coins has been removed from circulation and into"inferno" wallets during the past 24 hours. The majority of this was transferred to a dead wallet in a single transaction — 11,321,176 coins.On Sunday, a TikTok video was posted with a popular crypto YouTuber turned millionaire Jeremie Davinci, who was also an early Bitcoin investor.
When asked which of them he would hodl and which he would sell, Davinci admitted that he intends to sell Cardano for his SHIB and DOGE. However, this video is likely just a joke, so investors should not take it as investment advice from Davinci. As of this writing, Shiba Inu is exchanging hands at $0.000009987, having added another zero after a slight fall, according to CoinMarketCap. As for Dogecoin, it is trading at $0.07886 after a 2.57% drop overnight, according to the same source.
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