Shiba

Ethereum

Burn

Shiba Inu

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 <p>Shiba Inu, a notable meme coin and the second largest in the cryptocurrency market, has garnered significant attention. The development team has been actively engaged in initiatives like the Shiba Inu Burn.</p>
 <p>The Shiba Inu burn rate has been subject to fluctuations, with some days witnessing higher numbers while others show a decline. However, in recent times, the burn rate has been notable, with billions burned on certain days.</p>
 <p><strong>Also read: Ethereum Gears Up for Data Storage Breakthrough with Dencun</strong></p>
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 <p>According to the latest details from&nbsp;Shibburn, the SHIB burn rate has skyrocketed by <strong>161540.53%</strong> amidst positive market conditions.</p>
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 <figure class="wp-block-image size-full"><img decoding="async" width="243" height="198" src="https://cdn.thebittimes.com/images/2023/12/22/c6df39cf68da92679c93df0468572473.webp" alt="Shiba Inu burn rate" class="wp-image-122596">
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 <h2 class="wp-block-heading" id="h-shiba-inu-burn-rate-soars-by-161540-53">Shiba Inu burn rate soars by 161540.53%</h2>
 <p>Shibburn data shows that 8,593,932,621 SHIB have been sent to dead wallets in the last 24 hours. One large transaction that occurred 5 hours ago sent <strong>8,533,564,693</strong> SHIB to the dead wallet.</p>
 <p>The spike in the burn rate has provided the SHIB community with relief from the slumping burn rate. The surge in burn rate comes at a time when Shiba Inu is performing better in comparison to the past few weeks.</p>
 <p>Following the surge in burn rate, CoinMarketCap data shows that SHIB is trading at $0.00001064, with a 3.5% surge in value over the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-burn-rate-soars-by-161540-53-shib-price-reacts-tbt74485.html">https://thebittimes.com/shiba-inu-burn-rate-soars-by-161540-53-shib-price-reacts-tbt74485.html</a></p>

Shiba Inu Burn Rate Soars By 161540.53%; SHIB Price Reacts

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TheBitTimes

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