SHIB burn rate increased by 8,902% as Shiba Inu army got rid of Arab SHIB
Another staggering pile of Shiba Inu’s shipped dead wallet while price soars
According to data provided by Shiburn, a crypto tracker of Shiba Inu’s “burn transfers”, during the past 24-hour period, the SHIB military has made great strides in reducing the SHIB circulating supply.
Since yesterday morning, they have gotten rid of 925,257,980 SHIB tokens, sending all this crypto to “hell” addresses, from where not a single coin can be withdrawn or spent.
924,150,949 Shiba Inus were burned in a single transfer.
hourly shib update$shib Price: $0.00001128 (1hr 0.08% ▲ | 24hr 4.93% ▲ )
Market cap: $6,644,340,254 (4.74% ▲)
Total Supply: 589,609,856,763,811
Last Hour: 45,331 (1 transaction)
Last 24 hours: 925,257,980 (8902.45% ▲)
Last 7 days: 2,056,039,634 (-57.34%▼)
— Shibburn (@shibburn) March 18, 2023
In the last 24 hours, the second most popular meme coin SHIB has managed to increase its price by 6.12%, which is now trading at $0.00001126 on Binance exchange.
Earlier this week, a large amount of SHIB has also been burned, bringing the total to about 2 billion in the past week. Inflammatory activity within the SHIB army began to increase following the launch of the Papinet (Shiberium beta testnet) on 11 March.
The testnet is already setting milestones – nearly 4,000 transactions have been finalized, and 411,421 blocks have been created in total. Nearly 3,000 wallets have participated in those transactions, and each of those transfers has contributed to increasing the SHIB burn rate.