Shiba Inu burn rate soared 1,431% in one day: What happened?
Source: CoinWorld
Time: 2025-09-20 03:03:16
Shiba Inu's destruction rate soared to 1,431.4%, destroying 1.07 million SHIBs in 24 hours, while analysts predicted it could rise 138% to $0.000032. Although the recent flash loan loophole caused SHIB to fall by 5%, the price of SHIB is stable at $0.000013 driven by Shibarium upgrades and automatic destruction. Whale activity has intensified, with more than 7 trillion SHIBs being transferred, including 512 billion from Kraken. Shibarium transaction volumes have declined since the end of August, while the network is recovering from a $4 trillion hacking attack and has provided $229,000 in funding to return bounty.