Shiba Inu Burn: How Much SHIB Was Burned Last Week?
The Shiba Inu community is constantly working to reduce the circulating supply of SHIB tokens through burns. This article provides the latest updates on SHIB burns, focusing on last week\'s activity and recent trends.
Shiba Inu Burn Rate Soars!
Recent data shows significant fluctuations in the Shiba Inu burn rate. The Shiba Inu community has burned 87.17 million SHIB tokens in the last 7 days. This activity demonstrates the community\'s commitment to reducing the supply of SHIB and potentially increasing its value.
Weekly Shib Burn Rate Up
The Weekly Shib burn rate is up by 52.74%, indicating an intensified effort to burn SHIB tokens. However, there\'s also been a dip of 90.17% over the last 24 hours, highlighting the volatile nature of burn events.
Massive Spike in Burn Rate
At one point, Shiba Inu (SHIB) saw an enormous spike in its burn rate, increasing by 1500% in the past 24 hours. This surge was likely due to a specific burn event or a coordinated effort within the Shiba Inu ecosystem. The burn process, which involves sending SHIB tokens to an unrecoverable address, effectively removes them from circulation.
Record-Breaking Sunday Burn
One particularly notable event saw The number of Shiba Inu tokens that dropped out of the total offer stood at 93 million SHIB in one Sunday alone, bringing the burn rate figure to a whopping 5,800%. Such significant burns contribute substantially to the overall reduction of the SHIB supply.
June Burn Statistics
According to Shibburns’ data, the month of June saw the incineration of 4.55 billion Shiba Inu tokens. Of this total, 219.66 million SHIB were burned within the last 24 hours. These figures illustrate the continuous and substantial burn activity within the Shiba Inu ecosystem.
What\'s Next for SHIB Burns?
The Shiba Inu community continues to innovate and explore new strategies for burning SHIB tokens. Keep checking back for the latest updates and analysis on SHIB burn rates and their potential impact on the value of Shiba Inu.