The Shiba Inu meme coin community burned 57.67 million SHIB in 7 days

The daily burn rate of the Shiba Inu token has increased despite the recent decline in the price of the SHIB token.

According to the burn tracker, this figure has increased by 62.58% in the last 24 hours, removing several million SHIB tokens from circulation.

With this acceleration, the Shiba Inu community removed 6.9 million SHIB from circulation. Ten transactions stand out from the rest because they contain a large number of tokens.

In addition to the recent 6.9 million SHIB burn, the Shiba Inu community has also been active in sending tokens to dead wallets in the past week, bringing the total amount of SHIB burned in the past seven days to 57.67 million.

Since its launch in 2020, the Shiba Inu community has managed to burn more than 410 trillion SHIB tokens. As a result, of the quadrillion tokens created, only SHIB 582.9 trillion is still in circulation.

Currently, over 6.28 trillion SHIB is locked on the staking platform.#Shibalnu