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Impressive 1,783% Increase in SHIB Token Burns This Week

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by Giorgi Kostiuk

10 hours ago

Recent data from the Shibburn wallet tracker shows a significant increase in SHIB token burning, with over one billion tokens burned in the past week.

SHIB Token Burns This Week

According to Shibburn, over the past week, 1,053,508,245 SHIB tokens were burned, amounting to an increase of 1,783.10%. This surge was primarily due to a single transfer of 1,000,000,000 SHIB to an unspendable blockchain wallet.

SHIB Leadership Issues Warning on Random Tokens

SHIB marketing expert Lucie posted a message saying the team does not intend to support 'random s-coins'. She emphasized that all partner tokens are carefully vetted before any support is given.

There is no support for random shitcoins. The team does not promote a new one every week.CITE_W_A

Market Status of SHIB Tokens

Currently, the daily SHIB burn rate shows a negative trend, decreasing by 72.71% compared to the previous day, with only 1,274,464 SHIB burned.

While the SHIB token burn has seen a significant rise recently, the team emphasizes caution in promoting new tokens to avoid random projects.

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