The burn rate of Shiba Inu rose dramatically by 1323.66% after the destruction of 34.91 million SHIB tokens. This significant increase has led to a reduction in the total supply of Shiba Inu tokens, now totaling 589.26 trillion SHIB.
This uptick in burn rate signifies an effort to control the token's supply, which could potentially impact SHIB's value and demand in the market. It highlights ongoing activities around this popular meme token that often relies on community-driven initiatives.
The data from Shibburn further indicates that this period saw a total of 110.64 million coins being burned, reflecting a broader trend of deliberate supply reduction.
