$SHIB

What’s going on?

Data shared by prominent wallet tracker Sheeburn reveals a massive jump in the SHIB burn rate over the past 24 hours. Millions of meme coins were removed from the circulating supply.

As for the weekly burn, the community has managed to burn over a hundred million coins over the past seven days.

Burning Rate Jumps 650%

The aforementioned data source has posted word of a massive increase in the burn rate over the past 24 hours. This key metric has surged by over 630% overnight. However, the actual amount of meme coins burned was not that large and included 8,178,754 SHIB.

As for the weekly burn, a much larger amount of SHIB was destroyed – 126,819,168 coins. The growth compared to the previous week here is 34.64%, according to Sheeburn’s tweet. The total number of meme coins burned over the past few years now stands at 410,742,833,467,944 SHIB, according to Shibburn.