The Shiba Inu burn rate has seen another daily increase, which is a welcome development for the community. However, the figures being burned paint another picture, especially when it comes to participation from Shiba Inu holders in the SHIB burning initiative.
Shiba Inu Burn Rate Rises 81%
The Shiba Inu daily burn rate saw a significant uptick, rising an impressive 81% in a single day. While this surge is a positive for the meme coin, the number of tokens burned to cause this surge are far from impressive.
According to data from the Shiba Inu burn tracking website Shibburn, a total of 4.64 million SHIB tokens were burned in the last day. To put this in perspective, the total value of the tokens burned for the day is around $105.
Additionally, given that this constitutes an 81% increase, it means an even smaller amount of tokens were burned the prior day. Shibburn’s records show that the previous day saw a total of 1.9 million tokens burned, which is around $45 worth of c
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