Shiba Inu Burn Rate Soars by 5,975% as SHIB Price Soars đ„đđđ„â #TopCoinsJune2024
The dog-inspired cryptocurrency Shiba Inu has seen a significant increase in its burn rate. Over the past 24 hours, the Shiba Inu burn rate has increased by a staggering 5,975%, a number that has caught the attention of the cryptocurrency market as a whole.đ„
According to Shipburn X, the Shiba Inu burn rate has increased by a staggering 5,975%, which coincides with the rise in SHIB price. According to an hourly update provided by Shipburn X, 1,729,224 SHIB tokens have been burned in the past 24 hours, representing a 5,975.13% increase in the burn rate. The day before the previous, no SHIB tokens were burned. âđ„
So, while burning 1,729,224 SHIB tokens in the past day is a small number, it is still significant as no SHIB tokens were burned the day before the previous. âđ„
On a weekly basis, the burn rate increased slightly by 17.17% with 38,884,384 SHIB tokens burned in the past 7 days. đ„đ„
What is the reason for the 5.975% increase in the Shiba Inu burn rate?
The reason is due to the rise in the price of SHIB and the increased interest in the cryptocurrency market, which led to the burning of 1,729,224 SHIB tokens in the past 24 hours. âđ©žđ„â $SHIB
