CandleFocus Shiba Inu (SHIB) Burn Rate Skyrockets 7,911% as Price Eyes New High
2024-10-15
Author: Content Editor
Shiba Inu (SHIB) has experienced a significant surge in its burn rate, with 281,888,884 SHIB tokens being sent to dead wallets. The burn rate is seen as a positive indicator for the project and shows commitment to reducing supply and positive sentiment in the market. The total number of burnt tokens is now 410,731,181,056,899 SHIB, resulting in a decreased circulating supply. The biggest contributor to the burn rate was a community member who burnt 277 million SHIB. The SHIB price has seen mild growth and is currently at $0.00001837, with potential to retest new highs if the burn rate continues.
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