Shiba Inu Burn Rate Plummets by 70%, Will it Resume its Burn Streak?
The Shiba Inu burn rate plummeted by 73.08% today. The burn rate, which was skyrocketing with millions sent to dead wallets, seems to have cooled down now. At press time, according to the details from Shibburn , only 1,615,330 SHIB have been sent to dead wallets. Source: Shibburn This is a notable drop in burn rate, as opposed to the burn volume of the past seven days. Details from Shibburn denote that in the last seven days, 516,462,035 SHIB has been sent to dead wallets throughout 53 transactions. In the last 7 days, there have been a total of 516,462,035 $SHIB tokens burned and 53 transactions. # shib army — Shibburn (@shibburn) January 8, 2023 But with a sizeable drop in burn rate today, will there be a similar soaring burn week? Or was it just the enthusiasm for the new year? Let us find out. Shiba Inu’s unpredictable burn streak 2022 has been one of the best years for Shiba Inu in terms of developments. The fluctuating price and volatility have...