Shiba Inu’s incendiary surge: Over 15B SHIB burned in March blitz
Although Shiba Inu (SHIB) has slowed down and started to reverse the gains it accumulated in previous weeks alongside the rest of the cryptocurrency market, it is recording increased activity on its network, particularly in terms of burning of its excess tokens.
As it happens, the Shiba Inu network witnessed a massive growth in burn rate in March, having successfully burned as many as 15.6 billion SHIB tokens over the course of the month alone, according to the data obtained from the SHIB burn tracker platform Shibburn on April 2.
In other words, the SHIB burn rate in March has soared by an impressive 2,330.54%, and further breaking down the numbers shows that the single most successful day was March 8, during which the network recorded almost 14 million SHIB burned in total.
