1.3 Billion Shiba Inu Burned In The Last 24 Hours; Burn Rate Up Over 15,000%

According to Crypto burn tracker shibburn.com, a record sum of Shiba Inu SHIB/USD has been removed from the circulation. 

In the last 24 hours, over 1.3 billion Shiba Inu has been burned, which is worth $32,155. 

As per the report, there were three transactions which burned more than 100 million SHIB. In another set of transactions, between 210 million and 270 million tokens to a dead-end wallet each. 

Also Read: If You Had $1,000 Right Now, Would You Put It On Dogecoin, Shiba Inu Or Ethereum Classic?

At the time of writing, SHIB was trading at $0.00002411, down by 8.75% in the last seven days and down by 2.57% in the last 24 hours. 

Last week, a total of almost 90 million SHIBs were sent to “inferno” addresses and permanently destroyed in a 24 hour period. 

Meawhile, earlier this week, SHIB developer @kaaldhairya shared a list of upgrades that are currently in the works.

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