Shiba Inu Burn Rate Soars 104,201% with Over 115 Million SHIB Burned

The Shiba Inu (SHIB) burn rate has surged by 104,201%, with over 115 million tokens removed from circulation in the last 24 hours. This increase coincides with a notable transaction milestone for Shibarium, but SHIB's price has not reacted positively.

Key Facts

• 115,890,322 SHIB tokens burned recently
• Total of 1,170,542,199 SHIB burned in the past week
• Current total supply stands at 589,252,374,218,381 SHIB
• Overall, 410.72 trillion SHIB have been burned, leaving a maximum supply of 999.98 trillion SHIB
• Price currently at $0.00001233, down 3.28% in the last 24 hours
• Market cap is approximately $7.27 billion
• Notable transaction of 92.64 million SHIB burned by a single wallet
• Shibarium surpassed 1 billion transactions since launch in August 2023
• SHIB has decreased by 20% over the past week

Despite positive developments in burn rates and Shibarium's growth, investor sentiment remains mixed due to the lack of price movement amidst broader market uncertainties.