The Shiba Inu community has remained consistent in burning SHIB tokens. In a week, it sent a whopping 1,748,403,277 SHIB tokens to the project’s dead wallet.
The burning mechanism is part of the processes that the Shiba Inu uses to maintain stability in its ecosystem. It is a strong measure to reclaim the value of the SHIB token as it removes more coins from circulation.
Community Burns 1.74B Tokens Through 20 Different Transactions
According to data from the Shiba Inu burning portal, Shibburn, over 1.74 billion SHIB coins were burned within 7 days. The community completed the burning mechanism for the week through 20 different transactions.
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However, Shibburn disclosed that the Shiba Inu burn rate for the week decreased by 69.48% as against the previous week.
The token burning data for the previous week showed that 3.98 billion SHIB tokens were sent to the dead wallet. The process was completed through 19 sep
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