SHIBA INU BURN RATE NEARS 411 TRILLION TOKEN!
Shiba Inu's burn rate has been increasing significantly, with a total of 410.74 trillion tokens burned since inception. Recent burn rate surges include :
- A 50,000% increasein burn rate, removing 13,629,023 SHIB tokens from circulation, coinciding with the launch of Shib OS for the Shibarium blockchain network.
- A 38,299% surge in burn rate, eliminating almost 283 million tokens from circulation in 24 hours, with one wallet burning 263.7 million tokens.
- A 2,355.86% increase, resulting in the destruction of 110,474,927 SHIB tokens.
The burn rate's impact on SHIB's price depends on demand. With increased token scarcity, market sentiment may shift positively. Currently, SHIB's price is around $0.0000136, with a 3% daily gain despite significant token burns .