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Shiba Inu burn rate surges over 31,000%, incinerating 72.23 million SHIB in 24 hours
The Shiba Inu burn rate has seen one of its largest daily spikes this week, skyrocketing by 31,712%. In the last 24 hours, 72.23 million SHIB tokens were sent to the burn address, with a significant portion (69.38 million SHIB) originating from the crypto exchange Coinbase. This brings the total SHIB burned to 410.84 trillion, valued at $7.358 billion, representing 41.08% of its initial supply. Despite the daily surge, the weekly and monthly burn rates were down by 25.06% and 86.19% respectively.
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