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Burn rate of Shiba Inu increased by 189% in 24 hours, tremendous increase in the number of holders too

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HIGHLIGHTS :

  • The SHIB burn rate has seen an increase of 189.16% between June 1 and June 2.
  • A total of 141,010,050 Shiba tokens have been burned in these 24 hours
  • More than 1,195,000 holders added to the number of Shiba Inu holders

A report by U.Today in April this year reported that the number of SHIB holders had increased by 32,000 at that time.

The SHIB burn rate has seen an increase of 189.16% between June 1 and June 2.

There has been a sudden tremendous increase in the burn rate of Shiba Inu. A tracker that tracks the burn rate has released that the SHIB has seen an increase of 189.16% in the burn rate in the 24 hours between June 1 and June 2. In addition, the number of Shiba Inu holders has also increased. Surprisingly, this increase of 189% in burn rate has happened through only 6 transactions. The news of the adoption of Shiba Inu by many big brands is also increasing rapidly. A few days back, SHIB was added to the payment option by travel website Travala, through which thousands of products and services can now be purchased through the website.

A total of 141,010,050 Shiba tokens have been burned in these 24 hours

The handle @ShibaInuHolder on Twitter, citing SHIB burn tracker Shibburn, reported that between June 1 and June 2, there was a tremendous increase of 189.16% in the SHIB burn rate. The handle has shared a screenshot of the old data graph of the website, which gets updated from time to time. The screenshot shows that this popular cryptocurrency has achieved this burn rate within 24 hours. According to the Twitter handle of the tracker, a total of 141,010,050 Shiba tokens have been burned in these 24 hours. These tokens are sent to the dead-end wallets, where they are permanently locked.

More than 1,195,000 holders added to the number of Shiba Inu holders

As we mentioned, such a large number of Shiba tokens have been sent to wallets through just 6 transactions. These transfers took the number of tokens from 60 million to 141 million.

Furthermore, another blockchain data platform WhaleStats reported that the number of SHIB holders has also increased tremendously. The tweet by the platform shows that the number of Shiba Inu holders has been added to more than 1,195,000.

According to U.Today, currently, the top 100 Ethereum whales hold 58,364,331,708,833 Shiba tokens worth $693,254,055 (approximately Rs 5,382 crore).

There has been a sudden tremendous increase in the burn rate of Shiba Inu. A tracker that tracks the burn rate has released that the SHIB has seen an increase of 189.16% in the burn rate in the 24 hours between June 1 and June 2.

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