ICYMI: SHIB burn rate soared 1,439%, with a total of 15,399,176 $SHIB tokens sent to a dead wallet ShibaInu SHIBArmy
It is not unusual for SHIB to experience volatility that cuts across the two ends of the divide — high and low. While the impact of the volatility is a constant, so too is the influence of the cryptocurrency's key deflationary metric, the burn rate.
The burn rate is a measure of the SHIB supply that is sent to dead wallets and taken out of circulation.by 1,439.92%, with a total of 15,399,176 SHIB tokens sent to a dead wallet. This is evidence that there are many transactions going on in the Shiba Inu ecosystem producing the SHIB to be burnt.
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