SHIB burn rate up a surprising 5,800% as this milestone is hit ShibBurn ShibArmy SHIBCommunity Shibainu
website, Shiba Inu's burn gained a further 5,800% on Nov. 6. Millions more tokens were sent to dead wallets, which was reflected in an increase in the burn rate. In the last 24 hours, 93,876,540 SHIB tokens were burned and 9 transactions were made. This is quite significant as only 2.1 million SHIB were burned the previous day.
In the last seven days, the SHIB burn tracker shows the amount of SHIB burned to be 197,799,286 SHIB.Meanwhile, Shiba Inu continues setting new highs in its holder count, which is now at 1,237,156, according to WhaleStats data. Additionally, holders' conviction appears to be at an all-time high. The majority of SHIB holders at the moment — exactly 97% — are mid- and long-term investors.An interesting phenomenon is being seen as the shares of midterm and long-term holders approach parity.
The last 24 hours have seen a staggering amount of SHIB move between wallets. According to the crypto data trackerExpectations rise on imminent Shibarium launch Currently, expectations are in place for an imminent Shibarium release. An official Twitter account, @shibariumnet, has been unveiled, which has over 20,800 followers at press time.
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