Shiba Inu’s token burn rate climbed sharply over the past 24 hours, according to a Techub News update citing U.Today. The report said the burn rate rose 1020%, and more than 20.8 million SHIB were sent to a burn wallet during the period. That transfer reduced the token’s circulating supply, the report said. It also noted that the Shiba Inu community regularly carries out this kind of burn activity as part of efforts to increase the token’s scarcity. No other figures or timeline details were provided beyond the 24-hour window cited in the update.
Shiba Inu’s token burn rate rose 1020% over the past 24 hours, according to a Techub News item that cited U.Today. The report said more than 20.8 million SHIB were sent to a burn wallet during that period.
The transfer cut the token’s circulating supply, according to the report. It also said the Shiba Inu community regularly carries out burn events of this kind to increase scarcity.
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