An unidentified Shiba Inu wallet holder burnt about 1.69 billion SHIB in a single transaction. This burn event caused the overall SHIB burn rate to increase by 38,986.28%, exceeding yesterday’s burn rate of 1.34 million SHIB. SHIB burn events are critical to its price movement since they eliminate excess tokens in circulation and the 1.69 billion SHIB burn represents the third-largest burn event this week. However, the burn event did not significantly impact SHIB’s price, although it could improve its performance in the long term. SHIB Burn Rate Increasing This Week Shiba Inu experienced massive burn events this week from
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Author: coinmaker