To let the cryptocurrency world know how many SHIB meme tokens have been burnt in the previous week and in the last 24 hours, the Shibburn tracking platform published an X post.
More than 100 million SHIB removed
Although the Shiba Inu community has managed to get rid of 130,903,382 SHIB in the last seven days, this has not been sufficient to maintain the weekly burn rate since early this autumn, when billions of SHIB were taken out of the supply on a weekly basis. As of right now, the weekly burn rate is negative 43.33%.
The SHIB chunk that has been moved to “inferno” blockchain wallets since this morning amounts to 5,947,922 SHIB, which is less than the daily burn rate by 34.98%. In four transactions totaling 4,676,501 and 1,234,567 Shiba Inu meme coins, this amount of SHIB was destroyed.
https://x.com/shibburn/status/1728367977471357006?s=20
Shiba Inu’s burn rate shocked observers earlier this week when it increased by 47,872% when 28,129,380 SHIB were destroyed and by 456% when 11,134,759 SHIB coins were trapped in dead-end blockchain addresses.
Shiba Inu price weekly performance
Since Wednesday of this week, SHIB, the second-largest dog cryptocurrency by market capitalization value, has increased in value by 7.79%. As of this writing, it is trading at $0.000008834, up from $0.00000773.
The Layer-2 solution Shibarium set a number of new records this week, surpassing the $4,100,000 daily transaction threshold. Additionally, daily transfers increased significantly, peaking at 43,690 on Nov. 23 according to the Shibariumscan explorer.
