Burn Rate Increased by 5571% in Meme Coin, But There Is A Problem!

shiba inu Shibburn, which follows the burnings in its ecosystem, stated that the burning rate has increased by 5500% in the last 24 hours. However, the amount burned continues to not satisfy the community.

According to Shibburn, the rate of burning Shiba Inu tokens has increased by 5.572 percent in the last 24 hours. However, despite such a huge spike, SHIB enthusiasts only managed to burn 12 million meme coins.

Three transactions were noteworthy. 6.820.000 in these transactions; Burning of 1,848,400 and 1,500,225 Shiba Inu tokens has been completed.

The data shows that the SHIB army only burned 211,954 Shiba Inu yesterday, a staggering percentage increase compared to lean burn.

Shiba Inu burn rate

If we look at the data two days ago, it can be seen that the burning rate is 2 times higher. An average of 22 million tokens were burned that day. However meme coinThe circulating supply is 572,079,907,638,876 tokens and the amount burned has almost no equivalent.

Trader Explains: This Altcoin Has Potential Like Ethereum!

Shiba Inu Whales Still Active

Koinfinans.com As we reported, data shared by WhaleStats shows that Shiba Inu remains one of the most popular assets among top Ethereum whales for now. It currently surpasses other cryptocurrencies as the most traded coin among the top 100 wallets on the Ethereum chain and the largest crypto asset in US Dollar equivalent.

SHIB ranks third after ETH and USDT stablecoin on the top ten list of assets owned by these whales. Overall, these investors currently hold $589,877,592 worth of SHIB. This accounts for 15.83% of their total portfolio tracked by WhaleStats.

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