Recently published report shows that burn rate of Shiba Inu has increased drastically, along with number of SHIB holders
The Shibburn burn tracker website shared that Shiba Inu’s burn rate has seen a major spike in the past 24 hours.
Another milestone reached by Shiba Inu is a surge in the holder count, which has come close to 1.2 million.
SHIB burn rate is up 190%
Twitter user @ShibaInuHodler shared a screenshot of the aforementioned website, showing the second-largest crypto meme’s burn rate increased by 189.16% in the past 24 hours.
Over this period of time, according to the Shibburn account of Twitter, a total of 141,010,050 Shiba tokens have been destroyed—sent to dead-end wallets and locked there permanently.
Burning that amount of SHIB only took six transactions this time. The substantial increase in burn rate went from 60 million on the chart to 141 million.
SHIB holder count hits ATH
According to another blockchain data platform, WhaleStats, the SHIB community has reached a new milestone regarding the number of holders of their beloved asset.
According to a recent tweet, the number of SHIB holders has increased to over 1,195,000 holders. The exact number, according to the SHIB holder page, is 1,198,132.
As reported by U.Today earlier, since late April, the amount of wallets holding this popular canine crypto has increased by more than 32,000.
Currently, the top 100 Ethereum whales hold 58,364,331,708,833 Shiba worth $693,254,055.
However, in this respect, Shiba Inu is lagging behind another meme coin, BabyDoge (based on the BNB Chain, while SHIB is built on Ethereum). Earlier this week, data was published that the holder count of BabyDoge had reached 1,550,000, adding a whopping 200,000 holders since February.
