Record 64 Billion SHIB Burned by This Major Portal, But Community Says It's Nothing, Here's Why

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Record 64 Billion SHIB Burned by This Major Portal, But Community Says It's Nothing, Here's Why
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64 billion $SHIB burned by this mysterious portal. _Lady_Crypto_ Shibburn

In the comment thread, however, SHIB fans expressed their dissatisfaction with the news. They made the point that the pace of SHIB burns in general, and this one in particular, was too slow.

Since the total SHIB supply is more than 500 trillion, several years may pass before these burns of meme coins will start having any particular effect on the coin's price.According to data provided by the Shibburn crypto burn tracker, over the period of the past 24 hours, the burn rate of Shiba Inu has gone up a massive 405%.

This rise happened because a total of 154,899,021 SHIB was moved to dead-end wallets, taking merely five transactions.

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