Shiba Inu According to Shibburn data that tracks burns, 8,620,452,653 SHIB tokens were burned in the last 24 hours. This means a 727% increase in burning rate.
As we reported as Koinfinans.com, 8,655,012,764 tokens had already been burned in the Shiba Inu network in the last seven days. The fact that the latest burn was very close to the weekly data triggered excitement.
While reporting on this massive cremation, team member Lucie said there would be more to come. Earlier in the week, the team had stated that it would carry out additional large burns if recalled.
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Lucie went on to share evidence that 8,615,169,427.76 SHIBs worth $89,597 were sent to dead wallets.
The Shiba Inu team started a new burn era for Shiba Inu after performing the first burn on Shibarium in early December, sending 8,241,856,589 SHIB worth $75,412 to dead wallets in a single transaction. This means that Shibarium has seen an explosive increase in its transactions.
Shibarium transactions have surpassed 125 million in more than three months, currently reaching 125,999,571. The SHIB Layer-2 solution has averaged 7.5 million daily transactions since December 2; Daily transactions in the last 24 hours reached 7.53 million.