Nidhi Kolhapur
Crypto Live News
Author: Nidhi Kolhapur
Author: Nidhi Kolhapur
Nidhi Kolhapur 
Author
Jun 6, 2024 19:13
Nidhi Kolhapur
Author
The Shiba Inu community witnessed a sharp increase in burn rate as the burn rate soared to a staggering 3,894%,which led to the permanent removal of millions of SHIB tokens from circulation. 4,829,147 SHIB tokens were burned in 7 transactions in the last 24 hours. This surge in burn came at a sudden rise in whale interest,as the number of large transactions involving SHIB doubled this week compared to the averages seen earlier in 2024. With $435.66 million transacted in large transactions totaling more than $100,000,SHIB’s large transaction volume increased by 223%.
