😱🔥Shiba Inu (SHIB) Burn Rate Increased by 18,000% Price May Go to Mars Soon 🚀🛸
#ShibaInu has seen a huge increase in combustion rate measurements and has consolidated its deflationary status. According to Shibburn's data, the Shiba Inu burn rate has increased by 25,035.22% in the last 24 hours.
Shiba Inu Extends the Use of Burned Tokens
In the midst of the recent crypto bloodbath and the price correction facing the broader sector, Shiba Inu seems to be defying the odds on this important deflationary measurement.
Ethereum-based memecoin has attracted the attention of investors, and this is an optimistic move, which is also reflected in the burn rate. The meteoric rise of over 25,000% indicates that investors may have found an important catalyst to hold on to.
Remarkably, a total of 658,082,956 SHIBS were destroyed in 11 transactions in the last 24 hours. In terms of monetary value, the burned #SHIB token was worth $14,385 based on the current market value of the token. This brings the total number of SHIBS burned since the first supply to 410,725,555,674,170.
Especially the recently burned SHIB, which still accounts for a small percentage of the token's total supply, which was originally quadrillion. It's also one of the biggest protocols the protocol has seen in the last few weeks. There is a significant increase in the amount of SHIB burned compared to other times, because 650 million SHIB were sent to the dead wallets with a single massive burn.
