Shiba Inu Burn Rate Skyrockets 405% with Record-Shattering 124 Billion Token Destruction

Shiba Inu's burn rate has seen a significant surge in the last 24 hours, with a total of 124,023,282 SHIB tokens destroyed. This marks a 405.21% increase in the daily burn rate. According to Shibburn, this is the highest burn rate in the past seven days.

The total number of SHIB tokens burned over the last 30 days stands at 3.9 billion. WoofSwap V3 was the top burner, accounting for 3,023,711,746 SHIB sent to dead wallets. Robinhood followed closely with 159,592,109 SHIB sent through transactions on the platform.

The total number of SHIB tokens burned now stands at 410,843,579,789,609, representing 41.08% of the initial 1 quadrillion token supply. This is according to Shibburn's data, which is based on 21,437 transactions.