Shiba Inu's Burn Rate Soars, Removing 505 Million Tokens From Circulation
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Shiba Inu's burn rate has increased by over 62,000%, resulting in the removal of 505 million SHIB tokens from circulation in one day.
March 18, 2025 | 11:30 am
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Shiba Inu's burn rate has surged by 62,000%, leading to the removal of 505 million SHIB tokens from circulation, which could impact its market dynamics.
The significant increase in the burn rate and removal of a large number of tokens from circulation could lead to a decrease in supply, potentially increasing the value of remaining tokens. This is likely to have a positive short-term impact on SHIB's price.
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