Shibburn: 707.5M SHIB burned in 30 days, worth just $3,820
- —707,506,927 SHIB burned in 30 days; 1,945,872 in the past 24 hours
- —That is 0.000121% of the 585.48 trillion SHIB in circulation
- —At $0.0000054, a month of burns is worth roughly $3,820
- —The burn address holds 410.44 trillion SHIB, 41% of the 2020 quadrillion
Why it matters: Burn volumes are negligible against supply and do not move SHIB's price, which is set by demand rather than this mechanism.
Source: CryptoTicker