SHIB Burns Record Mysterious 771,019% Surge – What's Happening?
Portfolio Pulse from
The Shibburn tracker reported a staggering 771,019% increase in SHIB token burns over 24 hours, with 18,684,231 tokens destroyed. Simultaneously, the SHIB team revealed plans for a privacy-centric Shibarium Layer 3 solution using Fully Homomorphic Encryption (FHE), promising complete data encryption and user privacy.
March 22, 2025 | 8:15 pm
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POSITIVE IMPACT
Massive token burn could potentially reduce circulating supply and impact token valuation, while privacy features might attract more users to the ecosystem.
The extreme burn rate and upcoming privacy-focused technology could generate positive sentiment and potentially increase token value by reducing supply and attracting privacy-conscious users.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100