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You’ve seen how the Shiba Inu community has actively burned over 410 trillion SHIB tokens, worth more than $3.9 billion. This process, involving sending tokens to A wallet with merely two transactions ended up burning 2 billion SHIB tokens. Data from Etherscan revealed that the address first received 2,005,265,274.5 SHIB tokens Meme coin Shiba Inu (CRYPTO: SHIB) has seen a massive 7,400% increase in its weekly burn rate, with around 2 billion tokens being destroyed. This significant Crypto: despite the destruction of 66 million tokens, the price of Shiba Inu (SHIB) plunges by 9.36%. Discover all the details. Token burning permanently removes tokens from circulation by sending them to a null address, thereby reducing supply. Vitalik Buterin burned 410 trillion SHIB tokens Shiba Inu's burn rate soared by an astounding 65,529% in the past 24 hours, wiping out over 2.6 million SHIB tokens, according to the Shibburn tracker. The massive burn Shibburn’s update on its official X (formerly Twitter) account shows that there has been a 38% decline in the burn rate in the last seven days, with only 64.85 million tokens worth around

Shiba Inu: 2 Million SHIB Tokens Burned Abruptly - What's Happening?

The Shiba Inu (SHIB) community is no stranger to token burning, a process that permanently removes tokens from circulation by sending them to a null address, thereby reducing supply. You’ve seen how the Shiba Inu community has actively burned over 410 trillion SHIB tokens, worth more than $3.9 billion, in the past. But recently, the burning frenzy has taken an interesting turn. Discover all the details on this latest SHIB burn.

Sudden Spike in SHIB Burns: 2 Million Gone!

Meme coin Shiba Inu (CRYPTO: SHIB) has seen a massive 7,400% increase in its weekly burn rate, with around 2 billion tokens being destroyed in a specific event. Data from Etherscan revealed that the address first received 2,005,265,274.5 SHIB tokens. This process, involving sending tokens to A wallet with merely two transactions ended up burning 2 billion SHIB tokens, showing how quickly these burns can occur. Shiba Inu's burn rate soared by an astounding 65,529% in the past 24 hours, wiping out over 2.6 million SHIB tokens, according to the Shibburn tracker. The massive burn has caught the attention of many.

Impact on SHIB Price: Burn vs. Market Reaction

While the burns are intended to reduce supply and potentially increase demand, the market reaction isn't always predictable. Crypto: despite the destruction of 66 million tokens, the price of Shiba Inu (SHIB) plunges by 9.36%. This highlights the complexities of crypto markets, where many factors beyond token burns influence price movements. While Vitalik Buterin burned 410 trillion SHIB tokens in the past, and recent burns continue, market dynamics can still lead to price fluctuations.

Shibburn Tracker: Monitoring the Burn Rate

Stay updated on the latest Shiba Inu burn statistics with resources like Shibburn. Shibburn’s update on its official X (formerly Twitter) account shows that there has been a 38% decline in the burn rate in the last seven days, with only 64.85 million tokens worth around burned. Understanding the trends in burn rates provides valuable insights into the community's efforts to manage SHIB's supply and the potential long-term impact on the token's value.

Keep checking back for the very latest developments!

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