The Shiba Inu community has again succeeded in pushing the burn rate up significantly as it burned a large amount of meme coins
Shibburn, the leading platform for tracking Shib burn, has spread the word about another huge lump of Shiba Inu meme coins being stashed away in unused wallets by various individuals and businesses.
During the past day, the burn rate of SHIB has come close to rising by 700 percent compared to the previous day.
SHIB burn rate increased by 642 percent
According to the Shibburn Tracker website, the rate at which Shiba Inu meme coins burn has increased by more than 642 percent since yesterday morning.
With 28,191,662 SHIB burned in total, a massive 24,091,662 SHIB was moved to a dead-end wallet in a single transfer. However, the equivalent of the overall amount that was burned just a little bit exceeds $233.
Number of SHIB holders keeps increasing
According to advanced data on the site of popular large wallet tracker WhaleStats, the number of SHIB holders has increased by more than a thousand in the past 24 hours.
Now, this figure constitutes 1,271,030 versus roughly 1,270,000 on Friday.
WhaleStats data also shows that during the last 24-hour period, Shiba Inu Meme Coin dropped out of the top ten holding list for Ethereum whales. The top five assets held by the 100 largest wallets on Ethereum are now ETH, DAI, LINK, aWETH, and CHAIN.
Chainlink’s native token LINK has not been seen in the top ten list for a long while already.
