Shiba Inu is a prominent meme coin, earning its place as the second largest meme coin. The team behind SHIB has shown consistent efforts towards its development, as evident from its various developments, such as the Shiba Inu Burn initiative.
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The burn rate of SHIB has gained a reputation for its fluctuating nature, with some days experiencing a significant increase while others see a decline. The latest data from Shibburn indicates a drop of -100% in the burn rate over the last 24 hours.
Zero SHIB burned in the last 24 hours
Shibburn’s data shows that the burn rate for SHIB was zero in the last 24 hours. The burn rate has failed to maintain its momentum. It has fallen considerably compared to certain days when over a billion SHIBs were burned.
The burn rate has considerably fallen in comparison to certain days when over a billion SHIBs were burned. The burn rate has often received criticism for failing to maintain consistency. According to the details from CoinMarketCap, SHIB is trading at $0.00001023 with a 3.94% drop in value over the last 24 hours.
The developers anticipate that the burn rate will remain consistent after launching Shibarium.