Shiba Inu (SHIB) has witnessed an 821% increase in token burn rate over 24 hours, with 79 million SHIB tokens intentionally burned by various investors.
Despite declining SHIB burn rates, recent intensive token-burning activities have had a minor impact on SHIB’s price.
Shiba Inu, a well-known meme token linked to the Shibarium network, has experienced an extraordinary 821% surge in token burn rate within the past 24 hours.
According to data from Shibburn.com, 79 million SHIB tokens were intentionally destroyed by various investors during this timeframe. A deeper data analysis reveals that only around three wallets incinerated most of these tokens.
The most recent SHIB burn involved wallet 0x7d0c490 burning approximately 1,660,008 SHIB tokens. This particular wallet had previously conducted several token burns, totaling 657k SHIB and another 4.8 million SHIB tokens earlier, resulting in a total of about 7 million SHIB tokens being burned by wallet 0x7d0c490. Additionally, another wal

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