4 days ago

Shiba Inu Burn Skyrockets 7,400%, Nearly 2B Tokens Destroyed

Meme coin Shiba Inu (CRYPTO: SHIB) has seen a massive 7,400% increase in its weekly burn rate, with around 2 billion tokens being destroyed. This significant development has sparked renewed optimism about SHIB’s price potential.

Official tracker Shibburn reported a 7,418% surge in the SHIB weekly burn on Saturday. This followed the removal of 1.93 billion coins from the meme token’s market supply.

The total supply of the meme coin stood at 589.26 trillion tokens at the time of reporting.

HOURLY SHIB UPDATE$SHIB Price: $0.00002606 (1hr 1.43% ▲ | 24hr 2.75% ▲ )
Market Cap: $15,320,425,456 (2.60% ▲)
Total Supply: 589,260,637,458,704

TOKENS BURNT
Past 24Hrs: 1,453,983,861 (486.31% ▲)
Past 7 Days: 1,768,449,634 (806.66% ▲)

— Shibburn (@shibburn) November 30, 2024

The token burn mechanism of the meme coin helps ...

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