The burn rate of the SHIB meme coin has increased significantly in the past day, reaching a level not seen in a long time. The SHIB community's recent efforts have contributed to both the daily and weekly burn rates. In the last 24 hours alone, over 2 billion SHIB coins were transferred to unspendable wallets, resulting in a burn rate increase of over 144,000%. This was primarily due to two large transactions to dead-end wallets. The total amount of SHIB burned in the past seven days is twice that of the past 24 hours, totaling over 4 billion SHIB with a burn rate increase of almost 2,000%. The SHIB army has reacted positively to this news. Additionally, the Shiba Inu development team has rolled out an upgrade that includes a new burn contract. The price of SHIB has seen a surge of over 10% in the past 24 hours. The founder of SHIB has expressed their ambition to bring the coin to the top-5 level.



Other News from Today