Quarter billion $SHIB burned in 24 hours as billions of SHIB destroyed in the last week. Shibburn
army of users has again demonstrated high results in burning their favorite meme coin, SHIB, as this time, within the last 24 hours, they have removed almost a quarter billion SHIB coins.
These successful efforts have pushed the burn rate up nearly 1,447%, according to data provided by the Shibburn tracking platform. Meanwhile, over the weekend, a staggering rise in SHIB network activity was noticed as thousands of new Shiba Inu wallets emerged in a single day. Still, this entire rising activity pushed SHIB up by only 2.28% over the past week.Data shared by Shibburn on its website shows that during the last 24 hours, Shiba Inu community members removed a total of 225,049,340 SHIB from the supply circulating on the market. This is the equivalent of roughly $2,000.
Things are a lot better with weekly burns this time. According to the aforementioned source, over the last week, the SHIB army has gotten rid of 2,915,482,121 SHIB in total. This is 51.48% less than during the previous same period of time, when about five billion Shiba Inu coins were removed from the circulating supply.
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