Burn

Shiba Inu

Coin

<ul class="news-points"> 
 <li>Shibburn reported a 286.9% increase in Shiba Inu burn rate following a decline in the previous week.</li> 
 <li>According to the post, over 177 million tokens were burned from 12 transactions.</li> 
 <li>Shibburn said the Vitalik Buterin burn helped the token reach its all-time high performance.</li> 
</ul> 
<a href="https://coinedition.com/tag/Shiba-Inu-SHIB/" rel="noopener noreferrer nofollow">Shiba Inu</a> burn tracker Shibburn reported an increase in SHIB burn rate after a series of declines last week. In a post on X, formerly Twitter, the data tracker shared a snapshot that showed that the burn rate jumped by 286.9% in the last 24 hours. 
According to the post, over 177 million SHIB tokens were burned within that period. These tokens came from a total of 12 transactions. As <a href="https://coinedition.com/shibburn-tracker-reports-24-million-shib-tokens-burned-in-24-hours/" rel="noopener noreferrer nofollow">recently covered</a>, the Shiba Inu team had doubled down on burning the tokens lately. Since the start of the month, over half a billion tokens have been burned. 
Meanwhile, the data tracker continues to engage in debates with the crypto community about the effect of Vitalik Buterin’s SHIB burn on the token’s price. According to Shibburn, Buterin burning 90% of the token he was given aided the growth of the token. 
Referencing a price chart snapshot, the data tracker added that if Buterin had sold the toke… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/shiba-inu-burn-rate-jumps-overnight-tracker-records-over-286/">Shiba Inu Burn Rate Jumps Overnight, Tracker records over 286%</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Burn Rate Jumps Overnight, Tracker records over 286%

Coin Edition

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