Shiba Inu (SHIB) Burn Rate Drops Significantly

The Shibburn tracker, which monitors SHIB burn activities, has reported a decline in Shiba Inu’s burn rate on both daily and weekly time frames.

Despite this, SHIB’s price has surged significantly in the last two days.

Shibburn’s recent update revealed a 42.39% drop in the burn rate on Sunday, with only 2.6 million SHIB tokens removed from circulation through burn transactions.

Six transactions contributed to this total, with the two largest burning 1.14 million and 1 million SHIB, respectively. On Friday, just over 4 million SHIB were locked in burn wallets.

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For the weekly period, SHIB burns have plummeted by almost 100%, with only 26.6 million tokens burned—an approximate 98.68% decrease compared to the previous week.

Shiba Inu burns have been tied to transaction volumes on Shibarium, the Layer-2 solution launched in late August last year.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.