Shib Burn Rate Spikes Over 1900% As Over 56 Million SHIB Is Incinerated
The SHIB Burn rate spiked significantly with over 1900% as the community set on fire a total of over 56 million SHIB.
According to the website that tracks the amount of SHIB burned, Shibburn.com, Travis Johnson, the owner of the SHIB Super Store, set the majority of the SHIB on fire in the past 24 hours while the community initiated the remaining burns.
Read Also: Binance Initiates Second Round Of LUNC Trading Fee Burns With 3 Billion LUNC
Details of the SHIB Burn.
- Travis Johnson burnt most of the SHIB as stated earlier as he set 36.24 million SHIB on fire in a single transaction.
        A total of over 4 million as tracked by Shibburn.com were sent to fire in almost the same period when Travis was conducting his burns.
- Another whopping over 1.8 million SHIB is sent to dead wallets in a single transaction
- Shibburn incinerated another whopping over 1.8 million SHIB in a single transaction
- Over 1,8 million SHIB was set on fire by the Shibburn in a single reaction
- A whopping 10.6 million Shib sent to a dead wallet and in one transaction
It is worth noting that Shiba Inu has got a lot of means to set SHIB on fire. For instance one of the community-led burns initiates, SHIB Super Store recently discovered burning SHIB via Fiverr.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
