Shiba Inu (SHIB) Burns Continue to Increase

The popular meme cryptocurrency Shiba Inu (SHIB) is attracting the attention of investors with its burning transactions and whale purchases. Shiba Inu, which has also made a name for itself with its partnerships, maintains its place in the agenda after launching its mobile game Shiba Eterniy.

This time, Shibburn reported that more than 410 trillion Shiba Inu were incinerated. Shibburn noted that the rate of Shiba Inu cremation exceeded 139 percent. In total, 140,026,687 Shiba Inu were sent to dead wallets, as determined by Shibburn. According to Shibburn, the total cremation rate of SHIB increased by 139 percent. Burning this amount of SHIB and increasing the burn rate was described as an important opportunity for companies looking to reduce the circulating supply of SHIB. Shiba Inu's community army continues its battle to reduce the circulating supply of Shiba Inu (SHIB). In the last 24 hours, close to a quarter of a billion of this meme coin has been burned. When we look at the example of Ethereum, the second name of the leadership seat, it is seen that the reduced supply after close transactions has a significant impact on the price basis. Shiba Inu (SHIB) has also gained about 20 percent in the last 30 days, while it has increased 91 percent during the year. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account! The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.