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SHIB’s burning mechanism skyrocketed in the last 24 hours, with almost 100 million tokens removed from circulation.that the burn rate skyrocketed by almost 140,000% in the past 24 hours, resulting in over 96 million tokens sent to a null address.
It is worth mentioning that around 99% of the stash was destroyed after a single transaction approximately 10 hours ago. Further investigation reveals that the wallet has received funds from the crypto exchange Coinbase multiple times in the past, suggesting the owner could beWhile the over 96 million SHIB destroyed in the last 24 hours sound like a substantial amount, their actual USD equivalence is insignificant.
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