Shiba Inu's Soaring 323% Burn Rate Captures Investors' Attention
Closer Look Into The Burn Rate Of SHIB The data by Shibburn, a platform that monitors the burn rate of SHIB, showed that 177,820,158 SHIB tokens were burned in the last 24 hours, marking a surge of 323.81%. The latest is a burn of 4.6 million tokens from a wallet. advertisement Meanwhile, the highest burning transactions in the last 24 hours came from two wallets, which are 68,999,999 and 41,082,889. The SHIB burn rate involves eliminating tokens from circulation, decreasing the total supply, and boosting the value of the remaining tokens. However, despite the soaring rate, the price of SHIB was down 0.94% during writing to trade at $0.000007363. However, investors are keeping a close watch on the crypto, given the soaring burning rate of SHIB in recent days. Also Read: G20 Recommendations on Crypto Show India Not Opting for Crypto Ban Recommended Articles Crypto Presale Pr...