đ CEYPTONEWS
During the daŃ, the burning rate of Shiba Inu (SHIB) tokens increased bŃ 499.416%đ„đđđŒ
According to the Shiba Inu Shibburn burn tracker, the burn rate has increased bŃ 499.416% in the last 24 hours, indicating an increase in the number of SHIB tokens being retired. The data presented shows that the surge occurred after more than 264 million SHIB tokens were sent to dead wallets. AdditionallŃ, the data showed that one wallet âOxa9dâŠĐe4Đâ was the main contributor to the destruction of SHIB, as more than 261 million tokens were transferred from it. Members of the Shiba Inu communitŃ expect that demand for the token will increase due to the reduction in the total number of SHIB in circulation. However, despite the sharp increase in burn rate, the price of Shiba Inu remained unchanged at 0.0% in the last 24 hours (data from CoinGecko). On the weeklŃ chart, the token fell bŃ 5.1% amid a slight correction in Bitcoin, but SHIB grew bŃ 5.2% over the daŃ. Meanwhile, token trading volumes have increased significantlŃ, with an increase of 64% in the last 24 hours. CurrentlŃ, Shiba Inu ranks 20th in the crŃptocurrencŃ rankings bŃ market capitalization. In the meme coin categorŃ, the token is considered the second largest network, second onlŃ to Dogecoin
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