The Shiba Inu memecoin protocol saw a 1747% increase in burn rate over the past week.
The token remains visible despite current market uncertainty.
The crypto market has witnessed an extraordinary event in recent times, as over 708 million Shiba Inu (SHIB) tokens were burned in a single week.
Shibburn.com, a platform that measures and analyzes token burn occurrences, revealed on Twitter that 708.76 million SHIB tokens have been permanently removed from circulation in just one week. The burn events were carried out in 69 distinct transactions, demonstrating extensive engagement by SHIB holders.
Furthermore, in the past 24 hours alone, the Shiba Inu Community has continued its impressive efforts by permanently removing 328,438,383 (328.43 million) SHIB tokens from circulation through 42 separate transactions.
The recent figure of 708.76 million SHIB tokens burned in the past week represents a significant increase in the burn rate compared to the previous week. In fact, it showcases a
Vitalik Buterin Unveils Strategy to Simplify Crypto Wallets
At the Ethereum Community Conference (ETHCC) held in Paris, Vitalik Buterin, Ethereum’s co-founder, discussed the elegance of modern…