Another massive chunk of Shiba Inu has been incinerated, while the burn rate of the meme token has soared
In a recent tweet, the Shibburn Twitter account team spread the word about another round of SHIB burns that have taken place in the past 24 hours.
In total, more than a quarter of a billion Shiba Inu has been destroyed.
287.3 million SHIBs withdrawn from the market
Shibburn shared data from his website, which indicates that in the past 24 hours, 287,321,056 meme coins were sent to “inferno” wallets, where they were permanently locked with no possibility of withdrawal.
Pushing this quarter of a billion SHIB to dead addresses has taken 12 transactions, according to the SHIB burn page on the website.
The largest piece of SHIB burned was 200,026,215 – these Shiba tokens were destroyed about 22 hours ago.
SHIB burn rate skyrockets
The circulating supply of Shiba now amounts to 552,340,224,547,464 tokens.
According to data from the Shibburn website, the burn rate of the second most popular meme cryptocurrency jumped 8,309% in the past 24 hours.
