A recent tweet by Shibburn shows that the shiba inu community sent 1,653,845,435 SHIB meme coins to empty wallets in the past month.

While the quantity of burned SHIB tokens may seem impressive, daily burning rates remain volatile, often plunging significantly into negative territory. On June 30, Shiba Inu’s burn rate spiked by 1,800% due to locking 50,258,924 SHIB in unspendable wallet addresses.

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Author: Brenda Mary

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