Shiba Inu Burn Rate Jumps 428,862% in 24 Hours, Highest This Month
- —SHIB burn rate jumped 428,862% in 24 hours, the month's highest
- —About 1.4 million SHIB were destroyed during the period
- —The surge reflects extremely slow burn activity in prior days
- —SHIB gained roughly 3% and trades near $0.000005
Why it matters: The headline burn-rate spike looks dramatic, but the small amount of tokens destroyed is unlikely to meaningfully affect SHIB supply.
Source: U.Today