.SHIBburn rate shows opposite performance of $SHIB's weekly rise. ShibaInu
However, its burn rate has been miles away from that, far from experiencing growth at all in the past 24 hours, and has not come close to actually increasing in the last seven days.According to recently updated figures on the website of the Shibburn tracking service, the rate at which Shiba Inu tokens have been burned in the last 24 hours has dropped by 68%.
Over this recent period, the amount of SHIB tokens sent to unspendable wallets has totaled 6,680,182 Shiba Inu, taking only five transactions to do that. These 6.6 million tokens are equal to less than $90 in fiat equivalent.. Still, that surge in the burn rate meant only 20.9 million SHIB were sent to dead wallets, which is a tiny amount in fiat equivalent too.Overall, the burn rate seems to often correlate with the meme coin's price performance.
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