In a surprising turn of events, Shiba Inu has experienced a dramatic increase in its burn rate, soaring by 3,620% over the last day. However, according to the official information, the actual number of tokens burned tells a different story, raising questions about the sustainability of this trend.
SHIB Token Burn Overview
Despite the impressive percentage increase, only 715,893 SHIB tokens were burned in the last 24 hours. This figure marks a significant decline compared to previous days, where millions of tokens were routinely removed from circulation.
Total Supply of Shiba Inu
Currently, the total supply of Shiba Inu stands at a staggering 589,246,091,967,744 SHIB. The recent burn rate surge may indicate heightened community interest, but the low number of tokens actually burned suggests that the momentum may not be as strong as it appears.
As Shiba Inu's burn rate raises questions about sustainability, HYPE Coin is preparing for a crucial validator vote on a proposed burn of 1 billion tokens. For more details, see HYPE Coin Vote.
