Large SHIB burns unable to prevent massive Shiba Inu price decline
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Over the past 24 hours, nearly 3 million coins have been burned, and it coincided with a tremendous price decline SHIB faced today.Shibburn has spread the word about an impressive amount of meme coins that have been burned during the past week thanks to the relentless efforts of the Shiba Inu community. During the past seven days, they have succeeded in removing a total of 66,156,811 SHIB from the circulating supply.
As for the daily burn rate, it has also declined, dropping by roughly 53% with a tiny 2,859,106 SHIB transferred to unspendable wallets overall. A total of 2,345,678 SHIB were destroyed in a single transaction, according to the data provided by the Shibburn website.Currently, there are a whopping 584,219,829,029,380 SHIB circulating in the cryptocurrency market — half of the initial quadrillion supply.
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