Shiba Inumanaged to attract attention by increasing the burn rate by 499,363% overnight. With this rare jump in burn rate, the protocol sent some 264,176,152 SHIB tokens to dead wallets, completely removing them from circulation.
The burn rate made an impressive jump, signaling a possible rally for the token this week. removed from circulation SHIB The tremendous growth rate in the amount of coins indicates many things, including how committed the community is to the deflationary agenda of the Shiba Inu meme coin project.
According to data from Shibburn, a wallet named “0xa9d…3e43” contributed to the bulk of the SHIB burn with over 261,408,966 tokens. Other wallets added to the total amount burned are evidence that the burning event was a collective community effort, regardless of the amount contributed.
Currently, a total of 410,645,512,440,327 units have been burned, and the amount of SHIB remaining in circulation is recorded as 580,438,994,695,675.
Although there is a correlation between the Shiba Inu killing rate and the price increase, the decrease in transaction volume in the last 24 hours triggered the decrease in price. meme coinis trading at $0.000008384 at the time of writing, down 2.20%.