Shiba Inu (SHIB) Burn Rate Jumps 30,940%, Price Set to Soar

ShibaInu price regains momentum as burnrate shoots over 30,000%

Shiba Inu is currently seeing massive and parabolic growth in its burn rate as this metric jumped by 30,940% at the time of writing,from Shibburn. According to this data, a total of 2,254,093,318 SHIB tokens were sent to dead wallets overnight, a response from the parabolic growth in the total transactions being experienced within the Shiba Inu ecosystem.

Per the data showcased, two major addresses stood out with respect to the transactions they carried out. The first was used to burn 2,005,265,274 SHIB tokens about 15 hours ago, while 246,743,138 were burnt by another address about 20 hours ago.There is no indication from the analytics platform whether or not these addresses are linked to the Shiba Inu team.Shiba Inu is currently wriggling away from its accrued losses over the past few days.

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