Shiba Inu's Burn Rate Rises 785% as 573 Million SHIB Are Sent to Dead Addresses

Shiba Inu's burn rate spikes 785% as 573 million SHIB deposited into dead wallet ShibArmy SHIBCommunity ShibBurn

website, the burn rate of Shiba Inu has spiked significantly over the past 24 hours. As reported by the Shib Burn Twitter handle a few hours ago, a whopping 519,456,549 SHIB tokens were burned in one transaction. This was followed by other transactions carrying a significant amount of SHIB to be burned.At the time of publication, the Shib burn rate was showing a rise of 785%, while 573 million SHIB had been sent to dead wallets, according to the Shibburn website.

More than 1.2 billion SHIB were sent to dead wallets in the past week due to the Shiba Inu community's enthusiasm for burning tokens., Shiba Inu lead developer Shytoshi Kusama says one seeming requirement for massive Shiba Inu burns is a"true community effort." He says that the project is working toward it on many levels. He says this might take time, while hoping the timing works out perfectly.

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