Shiba Inu Burn Rate Jumps 706% as Holder Number Soars High Overnight

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Shiba Inu Burn Rate Jumps 706% as Holder Number Soars High Overnight
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.SHIBburn rate spikes 706%, but ShibaInu is gone from the top 10 asset list. WhaleStats

Meanwhile, the prominent meme coin SHIB has again gone off the top 10 list of the largest wallets on the Ethereum chain.According to the website of Shibburn, in the past 24 hours, the burn rate of Shiba Inu surged by a whopping 706%. This happened after 16,037,016 SHIB were sent to"inferno" wallets.

The biggest burn-transaction here contained 8,495,098 Shiba Inu made by an address ending in -ffdeaa.On the whole, the total amount burned this week, per data that has been shared by the aforementioned tracker, will hardly exceed 100 million meme coins.

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