Shiba Inu’s burn rate jumps again by 322%

The burn rate of the Shiba Inu has increased once again. Its burn rate recently decreased after a month of continuous token burning, but according to the latest report, the Shiba Inu’s burn rate has increased by more than 300%. This indicates that burning activity is once again gaining momentum in the Shiba Inu. However, this rate is still lower than the normal token burning rate.

Shiba Inu’s burning tracking platform Shibburn has released the latest data, according to which the burning rate of Shiba Inu has increased by 322% in the last one day. Recently Shiba Inu witnessed a rally due to which it caught the attention of investors. Thereafter the Shiba Inu’s burning was reduced and the number of tokens sent to the Dead Wallets was significantly reduced. The price of Shiba Inu was increased by up to 35% over the past weekend.

A post from the Shibburn Twitter handle shows that only 64,506,471 Shiba Inu tokens have been burned in the last 24 hours. This burning has also been done in 10 different transactions. Some number of tokens have been sent to dead wallets even hours before this news was written. During this time 4,854,572 tokens were burnt in a single transaction.

The price of Shiba Inu has been going up for the last few days. Its next stop is being told at $0.000002050. However, today has not proved to be a good start for the Shiba Inu. At the time of writing this, the price of Shiba Inu was trading at ₹0.001052. Its price is down 11% in the last 24 hours. The Shiba Inu is expected to carry forward the price hike. At the same time, the chances of price stagnation in the middle are also high.

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