SHIB Burn Rate Up as Price Jumps 9.2%, Millions of Shiba Inu Sent to Dead Wallets

According to a recent tweet from the Shibburn tracker, the SHIB army has sent a massive 28 million SHIB meme coins to unspendable wallets in the past 24 hours. On the other side, Doge Killer (LEASH), part of the Shibarium trifecta which also includes Shiba Inu (SHIB) and Bone ShibaSwap (BONE), is now living on the exchange StealthEX. Furthermore, the coin has soared by nearly 10% in the past day, reaching $530.

In addition, SHIB posted multiple green candles in the past week which made the coin skyrockets by 9.24%. Currently, it trades at $0.00000947 on the Binance exchange. The lead developer of SHIB, Shytoshi Kusama, described LEASH as helping to “govern the protection of the community and provide exclusivity” within the Shibarium ecosystem.

Furthermore, SHIB’s long-term burn rate is increasing. The largest burn transaction secured 6,855,028 meme coins were moved to an inactive wallet 12 hours ago with a total of 28,865,778 SHIB tokens being decimated.

Robert Wilson author
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