Shiba Inu Burns 3M Tokens, But Burn Rate Remains Low

Shiba Inu's burn rate remains slow despite burning over 3 million tokens in the last 24 hours. The daily burn rate is down by 15.80% while the weekly and monthly burn rates are also down, at 28.12% and 37.44% respectively.

The total SHIB burned from the percentage supply is still at 41.08%, showing consistent burning of tokens but not enough to make a dent in the SHIB supply just yet. In the last seven days, 59.77 million SHIB worth $251 was burned, culminating in 286.85 million SHIB being burned in the last 30 days.

A total of 410,840,447,753,352 SHIB have been burned in 21,266 transactions so far, contributing to this significant figure is Ethereum creator Vitalik Buterin's massive 410 trillion SHIB burn in May 2021. Shiba Inu continues to remain calm in the market as the price seeks a bullish catalyst to make a positive move.