Get Reward 🆓🔥

Recent data shared by tracking platform Shibburn indicates substantial progress being made by the Shiba Inu community in reducing the circulating supply of SHIB meme coins. Members have taken decisive action by locking SHIB tokens in dead-end blockchain addresses, effectively removing them from circulation indefinitely.

While the increase in SHIB burns may not be monumental, the sheer volume of coins rendered unusable is remarkable, nearing the 400 million mark.

Highlights:

- Significant burning activity:
Over the past 24 hours, a staggering 386,077,185 SHIB tokens have been transferred to “inferno” wallets by various enthusiasts and entities in the SHIB community. All transactions were executed anonymously, as Shibburn reports.

- Moderate increase in combustion rate:
Despite the significant amount of coins transferred to unspent wallets, the increase in burn rate was relatively moderate, standing at 29.22%.

- Remarkable operations:
The largest burn transaction involved 272,886,442 SHIB tokens, followed by another large transaction of 99,674,355 Shiba Inu tokens.

- Exponential increase in combustion rate:
Over the past three days, the SHIB burn rate has seen a staggering increase, with a remarkable increase of 15,608% initially. Additionally, the weekly surge stands at an impressive 6,478%, attributed to the community's collective efforts to burn SHIB tokens.

- Massive burns by the Shiba Inu team:
On March 9, the SHIB community was surprised by massive burns initiated by the Shiba Inu team, involving 13,610,153,841 SHIB tokens. This action, coupled with the BONE and LEASH token burns, amounted to a significant reduction in supply.
#HotTrends  #BTC  #xrp