Shiba Inu (SHIB) has seen a substantial increase in token burning activity, with over 537 million tokens burned in the last 24 hours. This development reflects the community's strong commitment to reducing supply.
SHIB Token Burning in 24 Hours
According to SHIB burn tracking platforms, 537,187,730 SHIB tokens were burned in a single day, marking a dramatic increase of 3,484% in the daily burn rate.
Major Transfers Contributing to the Burns
Three major transfers, including 310,744,788 SHIB, 107,333,061 SHIB, and 103,276,575 SHIB, were made by the same anonymous wallet and occurred within minutes of each other.
Weekly Surge in SHIB Token Burns
Weekly burn activity reached 687 million SHIB tokens, representing a 481% increase from the previous week, highlighting the community's determination.
The increasing rate of Shiba Inu token burning demonstrates the community's commitment to reducing overall supply and maintaining the token's market stability.
