SHIB coin burning surges, price rebounds

According to U.Today, data recently shared by the Shibburn team shows that in the past 24 hours, the SHIB Army has transferred a large number of Meme coins to the "Hell" wallet, burning these SHIB coins and making them irrecoverable. Meanwhile, the price of SHIB coins has recovered somewhat after yesterday’s plunge, with mysterious SHIB leader Shytoshi Kusama issuing a festive tweet.

As reported by the aforementioned data source, the loyal SHIB community, including enthusiastic individuals and legal entities, has transferred 87,760,994 SHIB to non-spendable blockchain wallets since yesterday morning. These burns drove the overall SHIB burn rate to a staggering 48,554.74%. There have only been two burn transactions so far, both of which are notable as they moved 61,908,927 SHIB and 25,852,066 SHIB meme coins to dead-end addresses respectively.

In addition, Shytoshi Kusama invited SHIB users and Shibarium builders to attend the Blockchain Life Forum in Dubai on April 16 and say hello to SHIB representatives there. This week, the second-largest Meme cryptocurrency SHIB has struggled to break above the $0.00002950 level but has only managed to touch it twice without closing at this price. However, in the past 24 hours, SHIB has recovered half of those losses, rising 5.85% and currently trading at $0.00002801.