Shiba Inu's Burn Rate Torches 1866%—What's Going On?

Shiba Inu's Burn Rate Torches 1866%—What's Going On?

Over 42 million Shiba Inu (CRYPTO: SHIB) tokens were pulled out of circulation Sunday, putting additional deflationary pressure on the popular dog-themed meme coin.

SHIB Burn Rate Soars 2,416% as Over 53 Million Tokens Destroyed in 24 Hours

Shiba Inu (SHIB) has experienced an extraordinary surge in its burn rate, with over 53 million tokens eliminated from circulation within a 24-hour period. According to Shibburn, the burn rate jumped by an astonishing 2,416.44%, signaling heightened efforts to reduce supply and potentially drive up the token’s value. Several large transactions led this aggressive burn. The most significant transfer incinerated 23,068,929 SHIB, while two others re…

53,791,007 SHIB and 2,416.44% Surge in Just Hours – What’s Happening?

Large amount of Shiba Inu coins transferred over past day and pushed out of circulation