Shiba Inu Burn Rate Surges 1,166%
According to Shibburn, the official website for tracking the total amount of SHIB tokens destroyed each day, the Shiba Inu burn rate has surged 1,166%. This surge is significant because it indicates that Shiba Inu investors have increased their willingness to destroy tokens.
In 24 hours, a total of 35.29 million tokens were destroyed, a significant difference compared to the previous day. However, what may be more important is the number of destruction transactions recorded in 24 hours.
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Shibburn data shows that holders have made a total of 12 destruction transactions in the past day. This is a welcome change from the average of 6 destruction transactions recorded this week. The notable destruction records appeared in multiple transactions, not just one or two transactions.
