The token’s popularity is soaring as more and more people are holding it, and the burn rate is increasing rapidly.
The Shibburn monitoring service, which keeps track of how much of the Shiba Inu cryptocurrency is being burned, has observed a higher burn rate of SHIB since yesterday morning.
According to Shibburn, in the last 24 hours, there has been a 48.54% increase in the burning of SHIB coins. A total of 52,651,272 SHIB coins were taken out of circulation.
The largest transaction during this time involved transferring 10,505,695 SHIBs.
The Shiba Inu community has burned a total of 410,652,489,937,521 SHIB coins. However, there are still 579,245,659,191,530 SHIB coins in circulation in the market.
SHIB, the meme cryptocurrency, has achieved a record-breaking milestone with 3.51 million wallets holding the token. This information comes from IntoTheBlock, a popular analytics platform.
In the past month, the number of wallets owning SHIB experienced an astonishing 115% weekly increase, reaching an all-time high.
Additionally, whales, large holders of SHIB, were actively involved in transactions, moving a massive 1.13 trillion SHIB in total transaction volume recently.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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