Shiba Inu burn rate increases by 1,166% in one day due to event

Shiba Inu's destruction rate is up again, which is definitely a good thing. The number of addresses destroying tokens has increased this time, and the number of tokens destroyed in one day has increased sharply by more than 1100%.

Shiba Inu destruction rate increased by 1166%

Shibburn, the official website that records SHIB token burns, reports that Shiba Inu’s burn rate increased by 1166%. This surge indicates that Shiba Inu investors are burning more tokens.

In 24 hours, a total of 35.29 million tokens were destroyed, an increase from the previous day. However, the number of burn transactions over a 24-hour period may be more meaningful.

Shibburn reported 12 holder-initiated burn transactions in the past day. This is a welcome difference from the week’s average of 6 burn trades. Significant burns were recorded across numerous transactions.

One wallet sent over 10 million tokens to the burn address, making it the largest burn transaction. Seven transactions subsequently provided between 2 million and 5.5 million tokens to the address. Others trade in much smaller volumes.

The increase in the burn rate continues this week’s good trend. Bitcoinist observed a 5569% increase in Shiba Inu’s burn rate on June 18. After a period of less than ideal destruction results, this is indeed good news.

Shiba Inu’s burn rate underperforms in terms of daily trading volume. Daily trading volume fell 14.22% to $270 million. Prices are down 0.71% on a daily basis and were down 15.17% last week. #SHIBI #meme板块关注热点 #币安合约锦标赛 $SHIB