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Shib Burn Rate up a Staggering 8733.78% Over the Past 24 Hours

Shiba Inu (SHIB) burn rate is up an enormous 8733.78% in the last 24 hours, according to the Shibburn website.

The burn rate of a token corresponds to a portion of the supply being sent to a burn token address, with the idea of putting deflationary pressure on a cryptocurrency’s supply/demand dynamic.

In the case of SHIB, that has led to a total of over 750,000,000 SHIB being sent to a burn address in the last 24 hrs.

(By Dorian Batycka)

Shiba Inu Shiba Inu $0.00
+0.27%
Shiba Inu SHIB
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