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Shiba Inu Skyrockets 847% in Burn Rate as 31,010,900 SHIB Vanishes
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a significant increase in its burn rate in the last 24 hours and since the past week. According to the SHIB burn X's most recent update, Shiba Inu's burn rate has skyrocketed by 847% in the last 24 hours, with 31,010,900 SHIB burned in this time frame.
The figure remains higher for the week, with over 1.1 billion SHIB burned in the last seven days. According to Shibburn, 1,167,948,671 were burned since the past week, resulting in a 4,930% surge in the weekly burn rate. Contributing to the major surge in burn rate in the week was a massive 1 billion SHIB tokens burned as the Shiba Inu Core Team marked a significant milestone with the launch of the enhanced Shiba Inu Burn Portal, ShibTorch V2.
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