Shiba Inu Burn Skyrockets 2,033%, 5.7 Million SHIB Sent to Dead Wallets

The burn rate of the Shiba Inu (CRYPTO: SHIB) cryptocurrency has experienced a staggering increase of 2,033.51% within a span of 24 hours. This surge is a result of 5,700,223 SHIB tokens being burned during the same time frame.

Over the past week, the burn rate of Shiba Inu has also seen a substantial uptick, with 69,854,289 SHIB tokens being wiped out.

This marks a 438.54% increase in the weekly burn rate. This sudden rise in the burn rate could be indicative of a revival in burn sentiment, following a recent decline.

Full story available on Benzinga.com