Shiba Inu burn rate reaches 785%, burns more than 57 million SHIB tokens in last 24 hours

The Shiba Inu team is constantly moving tokens to non-active wallets, also known as dead wallets. The burn rate of the world’s second largest meme cryptocurrency has been rising steadily over the past several days. Millions of Shiba Inu tokens have been burned in the past two weeks. The latest data released by a website that tracks the burning of tokens shows that the Shiba Inu’s burn rate has hit a record high in the past 24 hours. According to the website, the Shiba Inu’s latest burn rate has reached 785%.

The latest data released by Shibburn, a burn tracking website for Shiba Inu tokens, shows that 519 million Shiba Inu tokens have been burned in the last few hours alone. This burning has happened in a single transaction. Burning such a large number of tokens in a single transaction is nothing short of a record. By the time of writing this news 573 crore SHIBs had been burnt. In the past week 1.2 trillion Shiba Inu tokens have been sent to Dead Wallets.

Shiba Inu lead developer Shaytoshi Kusama says the burning of such a large number of Shiba Inu tokens shows the team’s tireless effort. He said that the project is working in this direction at several levels. It may take a while for things to go right now.

According to Shibainuart, a Twitter account associated with the Shiba Inu community, a platform named Schedulesite has announced the addition of Shiba Inu to its platform. Schedulesite is a platform that organizes events for followers.

According to WhaleStats, the Shiba Inu is among the top 10 assets by trading volume for the top 100 Ethereum whales in the last 24 hours. That is, among the 10 big tokens in which the top 100 whales are trading, the Shiba Inu is also included. Furthermore, this meme cryptocurrency is among the most used smart contracts by the top 5000 ETH whales in the last 24 hours.

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