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According to the Shibburn Twitter handle, only 22 million SHIB were burned in the week that just concluded. Per Shibburn, a total of 22,184,222 SHIB tokens were burned Shibariumscan data shows a massive 1,228% increase in daily transactions, leaping from roughly 128,000 on October 21st to a staggering 1.7 million on October 22nd. Shiba Inu $SHIB Burn Rate Takes a Nose Dive, Only 22 Million Burned Last Week. SHIB crypto2025 BTC difimarket Meme SHIB burn rate rises by 69% after one volunteer burns 25M SHIB in one go. Shiba Inu lingers around the critical $0. area as sell pressure mounts. With The recent surge in Shiba Inu’s (SHIB) burn rate, which caused a remarkable 1600% spike, carries implications not just for Shiba Inu but also for the meme coin market.

Shiba Inu $SHIB Burn Rate Takes a Nose Dive: Only 22 Million Burned Last Week

The Shiba Inu community closely monitors the SHIB burn rate, as it directly impacts the token's scarcity and potential value. Recent data reveals a concerning trend: the burn rate has taken a significant nose dive.

According to the Shibburn Twitter handle, only 22 million SHIB were burned in the week that just concluded. Per Shibburn, a total of 22,184,222 SHIB tokens were burned, a stark contrast to previous weeks.

This downturn comes amidst a period of mixed signals for Shiba Inu. While the burn rate has decreased, Shibariumscan data shows a massive 1,228% increase in daily transactions, leaping from roughly 128,000 on October 21st to a staggering 1.7 million on October 22nd. This suggests increased activity within the Shibarium ecosystem, even as the number of burned tokens dwindles.

The impact of burn rate fluctuations on SHIB's price is undeniable. Shiba Inu lingers around the critical $0. area as sell pressure mounts. The recent surge in Shiba Inu’s (SHIB) burn rate, which caused a remarkable 1600% spike, carries implications not just for Shiba Inu but also for the meme coin market. One recent event saw the SHIB burn rate rise by 69% after one volunteer burns 25M SHIB in one go. This highlights the power of community-driven burns.

While the current burn rate decrease is a cause for concern, the increased activity on Shibarium offers a glimmer of hope. The future of SHIB hinges on balancing these factors and finding sustainable ways to increase the burn rate. Stay updated on the latest crypto2025 BTC difimarket Meme news and SHIB developments.

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