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Zenger
Zenger
Mehab Qureshi

Shiba Inu Burn Rate Surges Over 270% In 24 Hours, 48 Million Tokens Removed From Circulation

SHIB Shiba Inu Taylor Swift Crypto PIERRE BORTHIRYUNSPLASH AMC
The burn rate of Shiba Inu (CRYPTO: SHIB) has experienced an incredible surge of over 270% within the past 24 hours. Over the course of this period, a whopping 48 million SHIB tokens were burnt and permanently removed from circulation. PHOTO BY PIERRE BORTHIRY/UNSPLASH

The burn rate of Shiba Inu (CRYPTO: SHIB) has experienced an incredible surge of over 270% within the past 24 hours. Over the course of this period, a whopping 48 million SHIB tokens were burnt and permanently removed from circulation.

According to data from IntoTheBlock, the SHIB addresses that are profiting from holding SHIB tokens have risen from 7% to the current level of 9%.

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