Shiba Inu Weekly Burn Update: 268 Million SHIB Burned

Vignesh Karunanidhi
Shiba Inu Burn Rate Plummets By -84% Despite Shibarium Launch
Source: MARCA

Shiba Inu, a notable meme coin and the second-largest in the cryptocurrency space, has become well-recognized within the community. The team behind SHIB has shown dedication to its growth, exemplified by initiatives like the Shiba Inu Burn program.

The Shiba Inu burn rate has garnered attention due to its fluctuating patterns. Some days experience significant increases, while others show a decline. Nevertheless, in recent times, the burn rate has maintained a relatively steady pace, with millions of SHIB tokens being burned on a daily basis.

Also read: Shiba Inu Price Prediction (SHIB): July End 2023

According to the latest details from Shibburn’s Twitter account, the burn numbers have gone down to 268,198,181 SHIB in the last seven days.

Shiba Inu burn rate dropped in the last seven days

Details from the tweet reveal that 268,198,181 SHIB were sent to dead wallets in the last seven days. The burn activity happened over 107 transactions. The burn rate has considerably dropped by half as compared to last week, when almost 584 million SHIB were burned.

According to the latest data from Shibburn, the SHIB burn rate has dropped by 53% in the last 24 hours. Only 44 million SHIB were sent to dead wallets during this period.

According to CoinMarketCap data, SHIB is trading at $0.000008398, with a 1.30% gain in value over the last 24 hours.