SHIB Burn Transactions Continue: Here is the Last Burned Amount 🔥
Shiba Inu, one of the most famous meme coins, saw a significant outflow in one day as its value increased by 20% compared to yesterday. The token is trading at $0.00002767, with a market cap of $16.29 billion after a 19% increase. For this increase, the credit stands out for the latest SHIB Burn, which pushes total supply down a large percentage.
The Shiba Inu burn will eventually lead to increased demand for the token. Because in 24 hours, the transaction volume increased by more than 116%, pushing the value to $1.18 billion.
Highlights of April Shiba Inu Burn
The SHIB burn rate increased by 172%, causing a price increase in SHIB tokens. Here, the Shiba Inu burn has removed 392,376,654 SHIB tokens in 18 transactions in just the last 24 hours. In total, there were 449,360,571 SHIB tokens burns in seven days.
Shiba Inu's new total supply rose to 589,273,998,518,000 SHIB after an attempt to create famine and increased demand for this memecoin. This SHIB Combustion spring has been going on for days, where the maximum number of tokens was burned on April 14, with the elimination of 650 million SHIB tokens.
SHIB burn has become an important event for this cryptocurrency. This is because, unlike other cryptocurrencies, SHIB supply does not decrease with the mining or staking process. By February 2024, Shiba Inu had already burned more than 41% of the total supply. The current Shiba Inu burn has already eased the higher percentage.
