[Epic Week’s cash burn rate increased explosively, and Shiba Inu’s burn rate soared 6,478%]
Shiba Inu Coin (SHIB) has been attracting attention recently, with a 6,478% weekly burn rate surge, with more than 14.2 billion SHIB tokens burned in the past week, putting it in the market spotlight. However, the daily burn rate has declined, with just under 69 million SHIB burned the previous day. This spike in burn rate was primarily due to the burning of over 13.6 billion SHIB in one day, involving a large number of SHIB, BONE, and LEASH burns conducted by the SHIB team over the weekend.
Shiba Inu Coin has had a stellar performance over the past week, rising nearly 300% and once hitting a high of $0.00004575. Shiba Inu Coin returns to the top 10 by market capitalization, reaching $20.74 billion. In early March, the number of new Shiba Inu Coin addresses reached 21,000 per day, an increase of 20 times compared with the daily average in February, and the total number of addresses reached 3.88 million.
Currently, SHIB is trading at $0.000035, down slightly by 1.42% in 24 hours. If SHIB maintains its current level, the next target is the $0.00004 to $0.000045 range, where approximately 29,260 addresses hold 3.48 trillion SHIB.
