SHIB Burn Rate Increases by 13,198% as Hundreds of Millions of Shiba Inus Are Eliminated

The prominent burn tracker Shibburn has published on its website that the rate at which Shiba Inu meme tokens have been burnt by the community over the previous 24 hours has skyrocketed. Several hundred million SHIB were transferred to wallets that could not be spent.

In the meanwhile, the famous meme coin has hit a number of significant milestones relating to its holders and cryptocurrency trade.

The aforementioned crypto monitoring tool indicates that the SHIB army successfully sent 302,506,518 meme coins throughout the previous 24 hours. This increased the burn rate by a staggering 13,198%.

This quantity of SHIB burnt in a single day and night surpasses the vast majority of total daily lumps of SHIB burned so far throughout the autumn and winter. In the last four months, the daily and therefore weekly volumes of burnt Shiba Inu coins have decreased substantially.

According to U.Today, the persistent SHIB army has removed over 83 billion meme coins this year; this information was published on the SHIB Burn Tracker website.

This enormous quantity of SHIB is equivalent to nearly $1.74 million at the yearly average arithmetic price of $0.000021 per SHIB. However, this represents just 0.014 percent of the total Shiba Inu token supply in circulation.

First, SHIB has maintained its position among the top ten assets owned by the 100 biggest wallets on this network. Then, according to WhaleStats, this meme currency appeared on the list of the top 10 coins with the largest trading volume and became one of the top 10 most acquired crypto assets.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.