Shiba Inu Burn Skyrockets 7,400%, Nearly 2B Tokens Destroyed
Posted On November 30, 2024
Meme coin Shiba Inu (CRYPTO: SHIB) has seen a massive 7,400% increase in its weekly burn rate, with around 2 billion tokens being destroyed. This significant development has sparked renewed optimism about SHIB’s price potential.
Official tracker Shibburn reported a 7,418% surge in the SHIB weekly burn on Saturday. This followed the removal of 1.93 billion coins from the meme token’s market supply.
The total supply of the meme coin stood at 589.26 trillion tokens at the time of reporting.
The token burn mechanism of the meme coin helps …
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