SHIB Burn Rate Spikes 1083% Amid Highest Daily Burn in Weeks

Nov 24,2022
SHIB Burn Rate Spikes 1083% Amid Highest Daily Burn in Weeks

According to Shibburn's website, the burn rate of Shiba Inu has soared by 1082%, because millions of SHIBs were sent to the death wallet. In the past 24 hours, 134952334 SHIB tokens were damaged in 10 transactions.

It will be the highest daily burn in several weeks. The previous maximum was 154 million SHIB on October 12.

In the past few weeks, the daily usage of SHIB has dropped to a small million, or even to 425000 tokens, because of the poor sales market.

As of the time when the news reporter published the article, the 24-hour burn data was 136859223 SHIB. Because the SHIB burn Twitter account reported a large number of SHIB transactions that must be burned. In the next few hours, this number is likely to be higher, because SHIB Burn said that it had been waiting for the burn of SHIB Burn's radio advertisement and super fans.

With the rapid development of the ecosystem in the near future, Shiba Inu Community is very passionate, which reflects the burning amount.

Shytoshi Kusama, the top development and design officer of SHIB, announced on Twitter yesterday that the Davos Forum (WEF) hopes to cooperate with SHIB's new projects on current policies around the world. In a public opinion survey on social conditions published on Twitter on November 22, Mr. Cajima asked whether the community expected SHIB to offer this service again. At the time of release, 62.6% of respondents voted against.

SHIB leaps to 9%

At the time of release, SHIB changed hands at $0.0000090, up 9% in the past 24 hours. At the same time, SHIB hodler, which has held tokens for more than one year, accounts for the largest proportion (53%).

According to the data of IntoTheBlock's group of holders divided by duration, 53% of SHIB holders "hold" tokens for more than a year, 41% of them hold tokens within a year, and 6% of them hold tokens for less than a month.

SHIB's controlling shareholders seem to have taken action in the market, as large amount transfers have increased by 41% in the past 24 hours.