The Shiba Inu burn rate has been encouraging over the time. In the past 24 hours, the burn rate recorded a 203.03% rise as a mysterious whale sent 101.66 million SHIB in one significant transaction. A total of 133,006,651 (133M) SHIB were sent to the dead wallet.
As gotten from the website that monitors the Shiba Inu burn rate, Shibburn.com, the Shiba Inu community sent a whopping 133,006,651 (133M) SHIB to the “inferno” addresses in 18 separate transactions in the past 24 hours.
An anonymous wallet carried out the biggest share in the burn as it burned a total of 101,660,453 (101.66M) SHIB in one significant transaction.
Shiba Inu Burn Rate Spike 203.59%
Following the massive burn, the Shiba Inu burn rate rose by 203.59%, as gotten from Shibburn.com.
Shiba Inu Is now The Third Most Followed Cryptocurrency
Shiba Inu bypassed Dogecoin in terms of Twitter followers according to the SocialBlade report to become the third most followed cryptocurrency with over 3.45 million followers. Binance Coin (BNB) holds the top spot with 9.32 million followers, whereas Bitcoin (BTC) is standing at the second spot with 5.47 million followers.
Over the past few days, Shiba Inu has been doing well in the crypto market and in terms of burn rate. For instance, on the 18th of August, the burn rate spiked valiantly following the massive burn initiated.
Shiba Inu has been under the watch of some veteran Crypto traders and investors such as Peter Brandt and David Gokhshtein as they think the coin seems to have entered its bullish period.
At the Writer’s time, Shiba Inu is trading at the price of $0.00001297, down -12.83% over the last day, with a 24-hour trading volume of $794,623,447