Shiba Inu Burn Rate Soars 7240 Percent

Shiba Inu Burn Rate Surges 7,240% with Over 1.1 Billion Tokens Removed

• The Shiba Inu burn rate increased by 7,240% in one day.
• Approximately 1,104,706,719 SHIB tokens were permanently removed from circulation.
• A single wallet was responsible for over 95% of the burn, sending around 1,000,148,675 SHIB to a dead wallet.
• Since its inception in 2020, a total of 410.74 trillion SHIB tokens have been burned from an initial supply of 999.98 trillion.
• The current total supply stands at 589.2 trillion SHIB tokens.

The recent surge in Shiba Inu’s burn rate led to the removal of over a billion tokens in just one day. A single wallet played a significant role in this process by burning more than a billion SHIB tokens. Despite this reduction in supply, the price of Shiba Inu has declined by over $8.3% recently.