Shiba Inu ramps up the burn with over 6 million tokens
Millions of SHIB vanish from the market again. In just 24 hours, more than 6 million tokens were sent to burn addresses, reigniting speculation about the deflationary potential of this memecoin. As activity heats up on several major platforms, the Shiba Inu community continues to bet on scarcity to maintain investor interest. This strategy is back at the center of discussions in a crypto market always seeking new catalysts.
In summary
Over 6 million SHIB were sent to burn addresses in just 24 hours, further reducing the supply of the memecoin.
The daily burn rate of SHIB increased by 37.28%, with more than 410.839 trillion tokens already destroyed since the project's inception.
Shiba Inu remains one of the most traded cryptos on the Indian platform WazirX, signaling strong interest from Asian investors.
The price of SHIB has slightly risen amidst a greater risk appetite in the crypto market.
Over 6 million SHIB sent to inactive wallets
As the crypto catches traders' attention again, Shiba Inu has recorded a new massive burn in the last 24 hours. According to data provided by the Shibburn platform, exactly 6,079,210 SHIB were sent to burn addresses, permanently removing those tokens from circulation.
Thus, the daily burn rate increased by 37.28% during that period. This new operation is part of a deflationary strategy advocated by the SHIB community for several years to progressively reduce the available supply in the market.
$SHIB $INIT $WAXP #SHİBA