Shiba Inu Burn Rate Hits Zero - What Does This Mean for Future of SHIB Burn?
One of the most important changes to the meme coin ecology has been the Shiba Inu Burn effort. Considering that there are already 549,063,278,876,302 SHIB in existence, the main objective is to limit supply, produce scarcity, and ultimately force a price hike. Positively, February got off to a solid start in terms of burn rate s. This month, the burn rate for Shiba Inu also increased by 10,000%. Yet, the burn rate is well recognized for its volatility, just like its price. Also read: Binance Unveils Bicasso, an AI-Powered NFT Generator However, the burn rate has dropped by -100% in the last 24 hours. This is one of the rare moments in the history of SHIB burn. Source: Shibburn Zero SHIB burned in the last 24 hours Such a moment has rarely happened in the burn history of SHIB, where zero SHIB has been sent to dead wallets. Over 6 million SHIB were sent to dead wallets yesterday. It is unclear what this means for the future of SHIB burns. However, the communit...