Shiba Inu burn rate skyrockets as millions of SHIB sent to dead wallets
According to the Shibburn website, Shiba Inu is seeing a 535% surge in its daily burn rate. In the last 24 hours, a total of 8,107,271 SHIB tokens were burned in eight transactions. The day before saw a total of 1,275,013 SHIB tokens burned in six transactions, hence the skyrocketing increase in the SHIB burn rate. Meanwhile, over a quarter-billion SHIB tokens have been burned in the last week. Shibburn reports that in the last seven days, a total of 259,383,545 SHIB tokens have been burned in 66 transactions.
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