Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
$SHIB 【Crypto World】SHIB's burn rate suddenly accelerates. In the past 24 hours, the burn rate skyrocketed to 3915071.74%, removing 21.6 million SHIB from the market at once. In total, over 410 trillion SHIB have been burned.
But what's interesting here is — the price actually fell. SHIB decreased by 1.5% during the same period, dropping to $0.00000738.
This defies conventional supply and demand logic. Usually, large token burns push prices higher, but SHIB's performance has been the opposite. What could be the reason behind this? Recently, there has been frequent whale trading activity, market sentiment is rather indifferent, and investors are reacting冷淡 to the burn actions. It seems that relying solely on burning tokens to stimulate the price has already lost its effectiveness.