Shiba Inu (SHIB) Burn Rate Skyrockets 13,872% In 24 Hours: Details

Shiba Inu (SHIB) Burn Rate Skyrockets 13,872% In 24 Hours: Details

Shiba Inu’s deflationary engine went into overdrive today. On‐chain figures from Shibburn revealed a jaw‐dropping 13,872.22% jump in its 24-hour burn rate, one of the largest token‐destroying spikes in the project’s history. For context, just one week earlier, on July 29, burns had already spiked by 16,717%, when over 600 million SHIB were sent to dead addresses in a single transaction as part of a community-driven deflation push. HOURLY SHIB U…

Shiba Inu Token Burn Rate Soars but Price Recovery Stalls

The SHIB community witnessed a notable surge in the burn rate, climbing by 286.84% in the past 24 hours. Data from wallet tracker Shibburn shows that despite this impressive percentage, the actual number of tokens burned remains underwhelming. Specifically, only 269,722 SHIB coins worth approximately $3.28 have been permanently removed from circulation. Weekly Burns Show Stronger Performance Although the daily burn looks insignificant, weekly da…