In the past 24 hours, the SHIB burn rate has surged by 1611.81%, with 17,695,347 SHIB tokens destroyed in 4 transactions.
It is worth noting that the recent burns are not uniform, but occur in large quantities. Notable transactions include 21,391 SHIB, 5,552,834 SHIB, 186,957 SHIB, 4,177,779 SHIB, and 7,777,777 SHIB.
In addition, small transactions from 121 SHIB to 36,701 SHIB were recorded the day before, and transactions of 400,000 SHIB and 430,000 SHIB were recorded two days ago.
In addition, there are other community participants who have initiated smaller SHIB token burns. The main purpose of burning SHIB tokens is to reduce the total supply, theoretically increasing its scarcity and potentially boosting the value of the token. Such a large-scale disappearance of SHIB in one day has triggered people's optimistic expectations of a reversal in SHIB prices.
