Shiba Inu The community and developers, which are the building blocks of the ecosystem, continue to work with all their might to restrict the supply. Shibburn’s data according to It attracted attention by removing more than 10 billion SHIBs from circulation in March alone.
As we reported as Koinfinans.com, the total 15,644,329,668 SHIB transferred to burning wallets represents a very significant decrease.
🔥🔥🔥 15,644,329,668 $SHIB tokens have been burned in the month of March with 217 transactions. #SHIB pic.twitter.com/wCqYDGiZgj
— Shibburn (@shibburn) April 1, 2024
NEWS CONTINUES BELOW
The cremations have an average value of $500,000. As a result, the monthly total burn rate increased by 2,330% but is still below expectations. Almost all of the billions of SHIB mentioned above have been transferred out of the circulating supply by the SHIB developer team.
On March 9, 13,610,153,841 SHIB was burned, as well as a significant amount of BONE and LEASH tokens. Previously, between late November and February, the Shiba Inu developer team attracted attention by burning almost 40 billion tokens. These burns Shibarium It was carried out using the funds obtained from the fees. A portion of the transaction fees paid by BONE users were converted into SHIB and transferred to non-spendable wallets to be locked there forever.
The SHIB community managed to dispose of only 4,498,428 SHIBs in the last 24 hours, with the burn rate dropping by 61.78%.
Although Shibarium transactions attracted attention by rising to 172,290 a few days ago and reaching 412,270 on March 25, it fell to only 3,690 on March 31. A total of 2.34 million daily transfers, set just at the beginning of March, was the largest record in recent memory.
