The second largest meme coin in the cryptocurrency market. Shiba Inu continues to attract great attention. The development team is actively involved in initiatives such as SHIB burns. The burn rate witnessed higher figures on some days. On the other hand, it was subject to fluctuations, decreasing on other days. However, recently the burn rate has been remarkable, with billions of tokens being burned on certain days.
According to the latest information from Shibburn, the SHIB burn rate has jumped to 161540.53% due to favorable market conditions.
Shiba Inu Killing Rate Increased by 161540.53%
Shibburn data shows that 8,593,932,621 SHIBs were sent to unusable wallets in the last 24 hours. A large transaction that took place 5 hours ago sent 8,533,564,693 SHIB to the dead wallet.
Koinfinans.com As we reported, the increase in cremation rate enabled the SHIB community to recover from the falling cremation rate. The increase in burn rate coincides with a period in which the Shiba Inu has been performing better than in the past few weeks.
Following the increase in the burn rate, SHIB is trading at $0.00001064 with a 3.5% increase in value in the last 24 hours, according to CoinMarketCap data.