Shiba Inu Burn Rate Rockets 1000%,
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Shiba Inu Burn Rate Skyrockets 1000%
The Shiba Inu burn rate skyrocketed 1041.91% today, according to Shibburn data, with more than 6.54 million SHIB tokens burnt over the last 24 hours. This significant jump in the burn rate has also sparked discussions over a potential rally in the SHIB price in the near future.
According to Shibburn data, the two highest burns over the last 24 hours were conducted by the same wallet address â0x608âŠ.9fe80â. This wallet has removed 2.14 million tokens in two transactions, indicating the growing SHIB community support to reduce the supply of the token.
Meanwhile, the SHIB burn rate has increased significantly over the past few days, which has sparked investorsâ optimism. Over the last seven days, a total of 26.63 million tokens were removed from the overall supply.
whopping 410.73 trillion SHIB were burnt from the initial supply. However, despite the recent burn frenzy, the current circulating supply stood at 583.51 trillion.
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