Shiba Inu Burn Sees 710% Jump in SHIB Destruction Amid Supply Cut
The post Shiba Inu Burn Sees 710% Jump in SHIB Destruction Amid Supply Cut appeared on BitcoinEthereumNews.com. Shiba Inu burn rate has seen a 710% rise, with 5,678,332 SHIB burned in the last 24 hours, according to the SHIB burn website. The 710% increase represents one of the biggest daily rises in SHIB burn rate in recent weeks. Shiba Inu burning saw a sharp increase on May 11, rising from 700,000 SHIB to over 5.5 million SHIB in less than 24 hours. The daily SHIB burn added to a total of 23,753,662 SHIB burned in the last seven days and 188,168,328 SHIB in the last 30 days. The supply reduction push follows as SHIB saw one of its biggest supply squeezes in 2024. Ray Dalio: Bitcoin Fails as Safe Haven Can Toncoin (TON) Lose All Gains? Ethereum (ETH) $2,000 Plunge Is Possible, Shiba Inu (SHIB) Price Is in Strongest State Since March: Crypto Market Review According to a recent tweet by Shiba Inu-focused X handle Shibizens, 374 billion SHIB left exchanges in just 7 days. You Might Also