41% of Meme Coin Investors Announcing Giant Burns Make a Profit: Everything Is Just Beginning!

According to data from IntoTheBlock, 41% of Shiba Inu holders are currently making a profit. While analyzing the on-chain metrics, the post in question shows that the sentiment is bullish.

As Koinfinans.com reported, according to on-chain metrics, large transactions grew by 3.10%, while net growth in the network was 'positive' by 0.29%. SHIB is trading at $0.00001084, up 2.67% in the last 24 hours and 34% in the last 30 days. The daily trading volume is around $238.91 million, an increase of over 9% in the last 24 hours.

Lucie, the official marketing manager of the Shiba Inu team, made an announcement that added to the positive sentiment in the meme coin. Lucie announced the burning of 8,471,583,707 SHIB tokens with a total value of $90,857.

## News of Two Giant Burns in a Row from the Leading Meme Coin: The Rate Has Skyrocketed by 67.324%!

This increase in the burning of Shiba Inu tokens has been received quite positively by both the community and investors. This move is aimed at both an increase in price by narrowing the circulating supply and attracting the attention of investors. The team continues to implement initiatives aimed at improving SHIB's overall sustainability and market dynamics.

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