Shiba Inu (SHIB) burn rate up 2,355% as community doubles down on deflation
Shiba Inu has recorded mostly bearish slumps in all metrics since the start of April and the new quarter. However, data from shows that the burn rate of the meme coin has hit a major recovery ride, soaring as high as 2,355.86% over the past 24 hours. With this upsurge, it has seen as much as 110,474,927 SHIB sent to dead wallets.in digital currency.
One of the most significant transactions involved in this latest burn schedule involves 105,469,546 SHIB moved by a wallet address with the marker"0x7d0c...b521f." Other transactions like the 3,370,930 SHIB sent from"0xdfff9e...cca3b" and 1,306,865 SHIB from"0x420801...c6836d" also add up to the whole.
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