Shiba Inu (SHIB) attracted attention with its burn rate rising up to 1.628% in the last 24 hours, according to Shibburn data.
This increase in the burning rate is one of the most important indicators that the community is resilient. meme coin Although it opened the week with a low burn rate, it corrected the outlook on the second trading day.
With the resurgence of the burn rate, Shiba Inu sent a total of 88,755,998 SHIB to dead wallets, increasing the total amount of SHIB removed from circulation. At least three major wallets contributed to the recent surge in burns, with the largest chunk burned supported by the “0xcf6…fdeaa” wallet, where a total of 52,392,528 were removed from circulation.
The wallet with the address tag 0x74d…f9a1 helped remove more than 34 million SHIBs from circulation, while 2,096,631 SHIBs were burned via the address 0xc664…50ae.
With the figures shown, the total Shiba Inu cremated so far reaches 410,690,167,721,176 SHIB. This leaves the current number of tokens in circulation at 581,127,781,873,309 SHIB.
Despite the expected correlation between the Shiba Inu burn rate and the SHIB price, the last few increases in tokens burned have not translated into a corresponding jump in token valuation.
SHIB was trading at $0.000009618, down 0.89% in the last 24 hours.