Key SHIB Metric Skyrockets 49,552% As Millions of SHIB Locked Up Forever
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The Shibburn blockchain data aggregator reports a massive 49,552% increase in the SHIB burn rate, indicating millions of SHIB tokens have been permanently removed from circulation.
March 18, 2025 | 11:30 am
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A significant 49,552% increase in the SHIB burn rate suggests a reduction in circulating supply, potentially boosting SHIB's value.
The massive increase in the burn rate means a large number of SHIB tokens are permanently removed from circulation, which can lead to a decrease in supply. This reduction in supply, assuming demand remains constant or increases, could lead to a rise in SHIB's price.
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