Shiba Inu Burn Rate Increases by 190% in 24 Hours

According to a recently released research, the burn rate of Shiba Inu has increased dramatically, as has the number of SHIB holders.

The burn rate of Shiba Inu has increased dramatically in the last 24 hours, according to the website of the burn tracker Shibburn.

Shiba Inu has also set a new high in terms of holder count, which has surpassed 1.2 million.

@ShibaInuHodler Twitter user has shared a screenshot from the aforementioned website, showing that the burn rate of the second biggest meme crypto has increased by 189.16% in the past 24 hours.

According to the Shibburn Twitter account, a total of 141,010,050 Shiba tokens have been destroyed—sent to dead-end wallets and locked there permanently—during this time.

This time, it only took six transactions to burn this much SHIB. The burn rate increased dramatically from 60 million to 141 million points on the graph.

The SHIB community has passed a new milestone in terms of the number of holders of their cherished asset, according to another blockchain statistics portal, WhaleStats.

According to a recent tweet, the number of SHIB holders has increased to above 1,195,000. According to the SHIB holder page, the exact number is 1,198,132.

The number of wallets carrying this popular canine cryptocurrency has surged by more over 32,000 since late April. The top 100 Ethereum whales currently own 58,364,331,708,833 Shiba, valued at $693,254,055.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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