A significant amount of Shiba Inu (CRYPTO: SHIB) was burned over the last 24 hours.
What Happened: The Shiba Inu burn rate surged 1167% on Thursday, as per data from token burn tracking portal Shibburn.
Data shows that over $181 million worth of SHIB tokens were sent to a burn wallet — effectively removing them from circulation.
More than 410 trillion tokens have now been removed from circulating supply. At the time of writing, around 31 trillion SHIB had been staked, taking the meme coin’s circulating supply to just over 558 trillion SHIB.
The …
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