Shiba Inu Burns Over 15 Million SHIB Amid Crypto Market Bloodbath — TradingView News

Amid the ongoing crypto market bloodbath, the Shiba Inu SHIBUSD community has continued its token burn strategy, with the team revealing the latest burn activity involving 15,239,220.91 SHIB being removed from circulation.

Following this latest burn, a total of 819,034,689 SHIB has now been sent to dead or unspendable wallets, where they can never be retrieved.

SHIB burns decline 60.65%, TVL stagnant

While data from the Shibburn website shows that a total of 37,643,409 SHIB has been burned over the past day, the SHIB burn rate has surprisingly declined by 60.65%.

The drop in SHIB’s burn rate comes as a surprise, as a report yesterday disclosed a massive 12,278% spike in the burn rate following the removal of over 110 million SHIB the…

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