The Shibburn tracking platform has shared an update about the weekly burns conducted by the Shiba Inu community. Over the past seven days, the amount of Shiba Inu meme coins transferred to unspendable blockchain wallets and out of circulation for good totaled 230,000,431 SHIB. The increase in the burn rate itself, however, was minimal compared to the previous week — 12.18%.
Over the past 24 hours, the SHIB army disposed of 13,933,042 SHIB, with the burn rate plummeting by 87.96%. Shibburn has also reported that over the past month of January, the SHIB community succeeded in burning close to 10 billion SHIB meme coins.
