Shiba Inu Burn Rate Jumps 107% as Whales Sell $1 Million in SHIB

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Shiba Inu Burn Rate Jumps 107% as Whales Sell $1 Million in SHIB
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$SHIB burn rate sees a big rise as growth in this major metric has been achieved. shibburn WhaleStats ShibaInu

Shibburn spreads the word about a substantial rise in the burn rate of SHIB over the past 24 hours.

In the meantime, largest SHIB-holding whales on the Ethereum chain have dumped another $1 million worth of this leading canine token.Over the past 24 hours, the Shiba Inu community has managed to burn 4,141,868 SHIB coins. Compared to the previous day, the SHIB army made significant progress, as on Dec. 14, the burn rate was down 95%.The goal of burning coins – not only SHIB – is to remove the circulating supply to the greatest possible degree, thus making a coin more scarce.

As reported by WhaleStats tracker of the largest wallets on several chains, including Ethereum and Binance Smart Chain , during the past 24 hours, their comprised stash of SHIB has shrunk by approximately one million USD worth of Shiba Inu. At the time of publication, they are holding collectively $51,540,053 worth of SHIB. This is 5,787,392,289,088 meme coins, or 2.33%, of the top 100 ETH whales' portfolios.in Shiba Inu. Now, roughly $1 million in it is gone. The percentage of meme coins they owned yesterday was 2.38. A day before that, SHIB had sold 1,735,357,917,570 SHIB. Thus, today, their collective portfolio of SHIB has shrunk even more.

Compared to 1,263,179 on Wednesday, now this metric has increased by approximately 2,000 and stands atAt the time of this writing, Shiba Inu is changing hands at $0.000008871, losing nearly 4% in the past 24 hours.

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