SHIB Burn Rate Soars Over 1,800% as Shiba Inu Community Ramps Up Efforts
In a recent turn of events, the burn rate of SHIB, the second-largest meme coin, has experienced a remarkable surge, providing a glimmer of hope to its dedicated community. Data shared by the Shibburn explorer reveals that within the past 24 hours, an impressive 50,258,924 SHIB has been successfully burned. Despite the relatively low value of this stash, estimated at $378, the significance lies in the demonstration of the community's commitment to reducing the circulating supply of SHIB, thereby increasing its scarcity.
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The burning of tokens, a popular practice within the cryptocurrency world, involves sending coins to wallets where they cannot be spent or ...