Shiba Inu Burn Rate Spikes by 230% as 357 Million SHIB Sent to Dead Wallet in 24 Hours

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Shiba Inu burn rate jumps by 230% with 357 million SHIB burned within 24 hours ShibArmy SHIBCommunity SHIB ShibBurn Cryptocurency Crypto

A staggering 4,553,606,683 SHIB were sent to dead wallets in June due to the Shiba Inu community's enthusiasm for burning tokens, as seen in the 400 transactions being made.

By sending tokens to a dead address or crypto wallet, or by burning them, tokens are permanently removed from circulation. In this instance, the burning of Shiba Inu is a community-wide initiative that aims to reduce the total supply of SHIB., a cryptocurrency payment gateway, has shown support for BONE by announcing plans to list it soon. Additionally, FCFPay hinted at LEASH support.

 

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