In what comes as a remarkable event witnessed within Shiba Inu’s ecosystem today, March 15, the Shiba crypto community’s colossal transfer to a dead wallet, propelling the SHIB burn upsurge, appears to be gaining noteworthy traction across the global crypto realm. Amid this remarkable upswing witnessed in the burn rate, SHIB’s considerable fall noted today, per CoinMarketCap’s data, stirred a whirlpool of speculations among crypto market enthusiasts globally, questioning the meme coin’s contrasting price action compared to the upswing in the burn.
Meanwhile, with a nearly 200% surge witnessed by SHIB over the past month, the meme coin curated waves across the vast sea of crypto. A plethora of new features introduced within Shiba Inu’s ecosystem over the past few days further bolstered optimistic sentiments for the meme coin. However, with today’s significant dip, investors speculate over SHIB’s future price action.
Shiba Inu Community’s Bold Moves To Support SHIB
Whereas with a 2081% upswing in the weekly burn with 14.40 billion coins incinerated, Shiba Inu continued painting a bullish landscape across the broader crypto market. The community’s recent innovative pursuits, including the release of a .Shib name service, new strategic collaborations, and many others highlighted in The Shib, adds up to the market optimism on Shiba Inu.
However, the meme coin traded with considerable volatility over the past week, showcasing a massive downfall as of press time.
