.SHIBburn rate spiked 149% despite recent ShibaInu price fall
as the daily burns were pretty disappointing last week. However, over the past 24 hours, they succeeded in pushing the burn rate up.
In the meantime, over the weekend, the second most popular dog-themed token saw a large price decline, eliminating the growth it had seen at the end of last week.Per data rolled out by the Shibburn data aggregator on its website recently, in the past 24 hours, the Shiba Inu community's efforts in reducing the SHIB supply resulted in a 149% rise in the SHIB burn rate.
The joint efforts of the community helped send 23,449,143 meme coins to dead-end wallets. The two biggest burn transfers moved 11,693,479 and 9,618,747 Shiba Inu from the supply in circulation.Shibburn also shared the outcome of last week's efforts made by the SHIB army to diminish the circulating supply of their favorite meme coin. The SHIB army managed to send only as little as 54,938,784 SHIB to unspendable addresses. This amount of meme crypto is worth $796.
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