Shiba Inu burn rate soars despite Shibarium concerns
Shiba Inu (SHIB) has witnessed an impressive increase in token burns in the past 24 hours, with over 1 billion tokens incinerated. This heightened burn rate comes despite the mounting concerns surrounding the Shibarium mainnet launch. Data from Shibburn, the community-driven Shiba Inu burn tracker, indicates that precisely 1.029 billion SHIB worth $8,200 has been incinerated over the past day. This figure represents a massive 1,029.29% increase from the amount burned the previous day. SHIB burn rate – Aug. 22 | Source: SHIBBURN Notably, the recent elevated burn rate was triggered by transactions involving millions of Shiba Inu tokens over the past 24 hours. These transactions were carried out by projects such as MARSWAP, OxShibarium AI, and Koyo Token. The largest among these transactions involved 418.7 million SHIB tokens incinerated by OxShibarium yesterday at 6:36 PM (UTC). This transaction occurred a few minutes after Koyo Token burned 331 million Shiba Inu tokens at 6:...