ICYMI: 1.4 billion $SHIB burned by SHIBArmy as burn rate soars 453% SHIB ShibaInu shibburn
Burning SHIB allows for diminishing the overall circulating supply in an attempt to help the price go up. Multiple initiatives are working on burning as much SHIB as possible at the moment in order to significantly reduce the amount of coins in circulation.As per a recent tweet posted by @shibburn, the overall amount of Shiba burned in the past 24 hours constitutes 1,408,069,572 tokens.
This result was achieved by conducting more than 55 transactions. The largest single transfer moved a staggering 1,408,069,572 SHIB to an"inferno" wallet eight hours ago, and it was made from the 0xffd50e51186fce01bd8c386a0202080255996fbd address.The burn rate of Shiba Inu has seen a 453.25% rise over the past 24 hours. The current supply in circulation amounts to 552,480,492,362,785 tokens, while 410,338,867,258,518 SHIB have been burned in total.
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