Meme Coin Aflame: Burn Rate Increased by 47.872%!

Shiba Inumanaged to attract attention with the huge increase in the burning rate. According to Shibburn data, a total of 28,129,380 SHIBs were sent to dead wallets in meme coin. This rate indicates a huge increase of 47.872% compared to the previous day.

The increase in the burning rate once again demonstrates how committed the vitality of the Shiba Inu ecosystem and community members are to the deflationary agenda of the protocol. With the huge increase in the burn rate, the total number of tokens burned since the launch of this deflationary campaign is 410,645,226,894,991 SHIBReached .

shiba inu burn rate

Deducting the total amount burned, the circulating supply of Shiba Inu was 580,404,295,237,505 SHIB. Among the biggest contributors to the current SHIB burn is wallet address “0x811b…1954f”, where a total of 27,125,275 tokens were burned. This burned SHIB is equivalent to $226.87 at the current market price of 0.000008364.

Increase in burning rate, ShibariumIt comes at a time when ‘s is on the verge of recording its biggest network milestone ever. Data obtained from the Shibarium network shows that the total blocks have increased to 1,800,000 as a total of 1,728,124 blocks have been created to date.

However, the Shiba Inu proportion seems to be separated from his other important metrics as well. Surprisingly, meme coinThe price of has not moved in tandem with recent bullish events, a trend that suggests the market has not fully priced in the burn rate increase and trends in Shibarium. As we reported, SHIB is trading at $0.000008364, down 3% in the last 24 hours.

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