SHIB Burn Rate Plunges This Much as Less Than 100K Shiba Inu Gets Burned

.SHIBburn rate plummets despite the recent Shibarium 1 million transaction milestone. $SHIB

In fact, 50,000 Shiba Inu meme coins have been burned over the past 24 hours, according to data provided by the Shibburn crypto tracker on its website. This tinyThe burn rate dropped by 99.75$ compared to the previous day, when 20,227,583 Shiba Inu were removed from the circulating supply.

Last week, a major peak in Shiba Inu transactions was noted, with transfers made of mainly $100,000 and $1,000,000 worth of SHIB. However, this record coincided with the price of the meme coin going green. Between April 3 and 4, the second major meme cryptocurrency, SHIB, surged by over 8% to the delight of its vast community and traders speculating on price fluctuations.

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