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Shiba Inu tokens are being burnt in a hurry, the burn rate reached 300 percent

The burning of Shiba Inu tokens is not taking its name to stop. In the last week, within a year and a half, the SHIB community burned more than 121 crore tokens. On Tuesday, the Shiba Inu’s burning activity tracking platform reported that the burning rate increased by 300% within 24 hours. Let us tell you that in the second week of this month, the same tracker had told that 542 million tokens were burnt in a week.

Shiba Inu Burning activity monitoring platform Shibburn provides burn rate information on its website. U Today’s accordingOn Tuesday morning, the tracker’s burn chart showed the burn rate at 300%. However, at the time of writing the news, about 20% Growth But it was.

Shibburn’s accordingAs of Tuesday morning, a total of 213,344,808 SHIB tokens were burned through 14 transactions in the last 24 hours.

On the other hand, Shibburn on Monday made another Tweet It was informed that 57,304,085 SHIB tokens were burnt in the last 48 hours.

This series of Burning is new in May by the Shiba Inu team in association with Ryoshi Vision. burn portal open It has accelerated since. Last week of SHIB 1,214,431,010 tokens burned went. 121 transactions were used for this burning. This is an average of 10 million tokens burned per transaction.

The same platform reported on August 21 that the Shiba Inu community had burned 542 million (54.2 million) SHIB tokens within a week. These tokens were sent to the dead wallet.

Popular meme coin developers for their community work on new projects are doing. The lead developer of this meme coin, Shytoshi Kusama, recently said that burning millions of SHIB requires a huge community effort. In a tweet from a Twitter handle SHIB BPP, it was said that around 111 lakh crore SHIB could be burnt in the next few months. This does not include community burns. The SHIB Discord moderator says that both ShibaSwap and Layer 2 Shibarium may have a large stake in it.

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