SHIB burn rate jumps 31,712% as 72.23 million tokens are burned
- —SHIB daily burn rate rose 31,712%, with 72.23 million tokens burned
- —Coinbase sent 69.38 million SHIB to be burned
- —111.41 million SHIB burned over 7 days, weekly figure down 25.06%
- —Total burned: 410.84 trillion SHIB - 41.08% of initial supply, worth $7.36 billion
Why it matters: The rise in burning reduces SHIB supply, but weekly and monthly trends remain negative, limiting the effect on price.
Source: U.Today