Shiba Inu Meme Coin destruction rate increased by 459%
Over the past 24 hours, the burning rate of Shiba Inu has increased as the meme coin community resumed sending millions of SHIB tokens for burning.
Data from the Shiba Inu Shibburn burn tracker shows that 146,261,497 SHIB were sent to burn addresses by coin holders and removed from circulation. Five wallets took part in the destruction of tokens.
One wallet burned 100 million SHIB tokens in one transaction, another sent more than 30 million tokens to a dead address. As a result, the combustion rate increased by 459.57% in 24 hours.
It is believed that a reduction in the circulating supply of tokens could increase prices. Currently, more than 410 trillion SHIB tokens have been withdrawn from circulation.
Despite this, along with the price of Bitcoin, the price of Shiba Inu is declining.
