Shiba Inu Burn Rate Skyrockets To 15,071%, As 287.32 Million More SHIB Burnt In 24 Hours

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Shiba Inu down 16% as whales continues to acquire SHIB despite market crash

Shibburn.com, one of the reliable Shiba Inu Burn tracking websites, has reported that 286,321,056 (287.32M) SHIB has been sent to a dead wallet forever via 12 transactions in the past 24 hours. 

This has increased the burn rate to a whopping 15,071% over the last day when only 1,896,594 (1.8M) SHIB tokens had been sent to the inferno wallets through 2 separate transactions.

The Leading SHIB Burners

According to the report on Shibburn.com, ETH SHIBA, a token supporting SHIB burn, holds the largest share of the burning through its weekly BURN EVENT on Friday, where 200,026,215 (200.26M) SHIB tokens were sent to the dead wallet through one huge transaction. 

However, ETH SHIBA hasn’t used its wallet as the etherscan.io data shows that the burn has taken place by interacting with one of the Binance Exchange wallets labeled “Binance 15” while paying the transaction fee of 0.000523964901328262 ETH ($1.55).

Recall that the token “ETH SHIBA” was launched one month ago, and so far, the ETH SHIBA has burnt over 2.2 billion SHIB tokens.

Also, note that ETH SHIBA has no official connection with the SHIB ecosystem or its team. The only tokens officially owned and recognized by the Shiba Inu ecosystem are SHIB, BONE, and LEASHThe burn rate shows a whopping 15,071% over the last day when only 1,896,594 (1.8M) SHIB tokens had been sent to dead wallets through 2 separate transactions.

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