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Shiba Inu Burn Rate Skyrockets 39,000% After Mysterious Wallet Burns 1.69 Billion $SHIB

Popular Shiba Inu ($SHIB) burn tracking portal Shibburn is reporting that a mysterious whale in the meme-inspired cryptocurrency’s ecosystem has, in a single transaction, removed a staggering 1.69 billion SHIB tokens from circulation, resulting in a monumental 38,986.28% increase in the Shiba Inu coin’s burn rate over the past 24 hours.

The burn rate increase comes after the previous day’s transactions burned a total of 1.34 million SHIB tokens. This recent transaction marks the third-largest burn event of the week. 

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