Shiba Inu is one of the meme coins that has managed to maintain its popularity in the crypto market as its community remains committed to reducing the circulating supply of the asset. To this end, there has been a significant increase in the SHIB burn rate recorded over the last 24 hours. However, the SHIB price has had a hard time keeping up with this burn rate. SHIB Burn Rate Jumps 540% According to the Shiba Inu burn tracking website, Shibburn, the SHIB burn rate saw a tremendous burn over the last 24 hours. In total, over 78 million tokens were burned, accounting for a 542% increase in burn rate compared to the previous day. Related Reading: Ethereum Eyes $2,000 As Crypto Market Shakes Off SEC Woes HOURLY SHIB UPDATE$SHIB Price: $0.00000776 (1hr 0.22% ▲ | 24hr 1.32% ▲ ) Market Cap: $4,579,871,751 (1.35% ▲) Total Supply: 589,349,600,558,222 TOKENS BURNT Past 24Hrs: 78,248,958 (546.18% ▲) Past 7 Days: 233,385,451 (-78.87% ▼) — Shibburn (@shibburn) July 4, 2023 Now, it is important to keep in mind that this burn rate is notable because it follows multiple days of low burn rates. In fact, the meme coin opened the new week with a drastic de ..
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