Table of Contents
Massive Burn of 279.65 Million SHIB
The Shiba Inu cryptocurrency saw a sharp rise in its burn rate, jumping more than 7,911% in just 24 hours. This surge has caught the attention of investors. According to Shibburn data, 279.65 million SHIB tokens were removed from circulation during this period.
Notably, one wallet played a major role in this burn, contributing a large portion of the total. These developments have led investors to closely monitor the meme coin’s market performance, signaling a possible trend.
Massive Burn of 279.65 Million SHIB
A total of 279.65 million SHIB tokens were burned in the last 24 hours, according to the latest data. This sharp reduction in supply led to the notable increase in the burn rate. One specific wallet, “0xa9d…d3e43,” was responsible for burning 277.58 million tokens.
This focused burn has drawn attention from market watchers, as reducing the supply can often lead to price increases. Despite this significant burn, SHIB’s circulating supply still stands at 583.53 trillion.
Follow:@Anasta aliyah
