Over 1.5 trillion Shiba Inu (SHIB) tokens have been discarded in the last day as the project’s burn rate sees a massive increase.
Highlights
- Over 1.5 billion Shiba Inu (SHIB) tokens have been discarded in the last day as the project’s burn rate sees a massive increase.
- During the last 24 hours, the burn rate of the dog-themed meme asset has surged by over 30,000% as 1,500,141,145 SHIB have been rendered unusable.
- According to burn tracker Shibburn, over 410 trillion of the project’s initial supply has been discarded from its initial supply while its current circulating supply sits at around 573 trillion.
- The testnet, called Puppynet, has seen millions of transactions take place on it thus far, though no specific launch date has been revealed.
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If there is ever another cryptocurrency bull run and you see someone on the cover of a magazine, it's probably a good time to sell that cryptocurrency in question - unless MAYBE it is ethereum.