SHIB Token Burn Rate Slows Down Amid Market Volatility

Shiba Inu's SHIB token saw a slow start to September, with only 3.59 million tokens burned over the past 24 hours.

This represents a 49.90% drop in daily burn rate, which is concerning for some investors as it may indicate a decrease in demand for the token.

However, when looking at the bigger picture, 51.02 million SHIB were burned over the last seven days, marking a 119% increase in weekly burn rate.

This brings the total number of tokens burned to 417.02 million in the past 30 days.