More than 19 crore Shiba Inu tokens were burnt again, what is the matter?

Amidst the uncertainty in the cryptocurrency market, important information has come to the fore regarding the popular Shiba Inu in the form of Mime Coins. The ‘burn rate’ of the Shiba Inu has increased by about 231%. A portion of the Shiba Inu containing 196,820,007 tokens is said to have been destroyed in the past 24 hours. Apart from this, about 25 transactions have been done. Not only this, millions of SHIB coins have been sent to the dead wallet through various transactions within a few hours.

This information has been given by Shibburn website. The website has also confirmed this with its Twitter account. However, the community members of the Shiba Inu are not taking it very seriously. They believe that such burns keep happening at a fixed interval. The ‘Gossip SHIB’ community member of the Shiba Inu believes that such burns are needed on a regular basis to drive up the prices of the Shiba Inu in the long run.

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