Shiba Inu Burn Rate Surges 155% with Over 208 Million SHIB Sent to Dead Wallet

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Shiba Inu Burn Rate Surges 155% with Over 208 Million SHIB Sent to Dead Wallet
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Shiba Inu burn rate up 155%, more than 208 million SHIB moved to dead wallet ShibArmy SHIBCommunity ShibBurn

account, an astounding 86,405,616 SHIB were just sent to dead wallets in a single transaction in the last hour.Shiba Inu whales, or large holders, joined in the action as large transactions increased by 153% in the past day, according to statistics from IntoTheBlock.

A transaction is often more than $100,000, and large transaction spikes are sometimes associated with increased activity from whales who are either buying or selling.The analysis of the top 100 Shiba Inu holders by WhaleStats also revealed a 6.8% increase in the average Shiba Inu balance as a result of crypto whales dealing with billions of Shiba Inu and a rise in large transactions. In the past day, the average Shib value has also increased by 9.4%.

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