Lots of $SHIB burned on the blockchain despite the lack of activity ahead of the holidays
, hence a lack of burning volume on the chain. However, that was not the case on Dec. 31 and Jan. 1.
According to the Shibburn portal, almost 100 million Shiba Inu tokens have been burned in the last 24 hours. In the last 48 hours, the number is way more significant, with almost 300 million Shiba Inu tokens burned in one transaction only.Despite the deceleration of burning activities on the network, Shiba Inu still manages to maintain a certain threshold in the overall amount of burned assets, which leads to a gradual reduction in the circulating supply.
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