U.Today - The has skyrocketed as millions of SHIB tokens are delivered to dead wallets.
According to the Shibburn , the SHIB burn rate has increased by 7,700% in the last 24 hours, with a total of 266,727,310 SHIB tokens burned via 21 transactions.
Meanwhile, above half a billion were burned in the week just finished. Shibburn indicates that 544,958,383 SHIB tokens have been burned in 284 transactions in the last seven days.
The Shiba Inu price reached a two-month high of $0.00000825 on Oct. 26 as the market saw a bullish comeback. Shiba Inu had some profit-taking following this high, with prices falling to $0.00000757 on Oct. 27.
On Oct. 28, the Shiba Inu price recovered and continued to increase in early Sunday trading. SHIB was up 3.29% in the last 24 hours to $0.00000807 and 15.40% in the past seven days at the time of writing.
SHIB has been steadily rising since Oct. 19, when it hit lows of $0.0000066. Following this, SHIB has spent nine of the last eleven days in the green. SHIB broke over the crucial daily MA 50 barrier of $0.00000726, which had been impeding its price since August.
With this accomplishment, SHIB is once again approaching a price target that could ignite its next big move.
Shiba Inu bulls must now overcome the daily MA 200 barrier at $0.00000823 to extend the current surge. If this is overcome, Shiba Inu may launch a new move aiming for the $0.00001134 level.
Shiba Inu teases "good surprise"
The official relays an exciting message regarding the forthcoming unveiling of the SHIB identity, telling the community to brace themselves for a seismic shift in the blockchain world.Shiba Inu announced its "good surprise" to its community, stating that the first step toward unlocking a unique SHIB identity was on the horizon. As the countdown to the reveal begins, it also announces a $5,000 SHIB giveaway.
As , self-sovereign identity is a series of protocols and technologies that allow a user in a system to retain their identity (and other verified credentials) as well as their assets in a wallet.