Shiba Inu Army Keeps Burning Despite Price Dip, 374M SHIB Destroyed

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Shiba Inu, a notable meme coin and the second-largest in the cryptocurrency space, has become well-recognized within the community. The team behind SHIB has shown dedication to its growth, exemplified by initiatives like the Shiba Inu Burn program.

The Shiba Inu burn rate has garnered attention due to its fluctuating patterns. Some days experience significant increases, while others show a decline. Nevertheless, in recent times, the burn rate has maintained a relatively steady pace, with millions of SHIB tokens being burned on a daily basis.

Also read: FTX Goes After ByBit for ‘VIP’ Withdrawals Nearing $1B

According to the latest details from Shibburn’s Twitter account, the burn numbers have gone up to 373,715,046 SHIB in the last seven days.

Shiba Inu burn rate has surged recently

Details from the tweet reveal that 373,715,046 SHIB were sent to dead wallets in the last seven days. The burn activity happened over 58 transactions. The burn rate has considerably been on a positive note recently.

According to the latest data from Shibburn, the SHIB burn rate has spiked by 32% in the last 24 hours. 34.4 million SHIB were sent to dead wallets during this period.

According to CoinMarketCap data, SHIB is trading at $0.000008998, with a 3.35% drop in value over the last 24 hours.

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