Bitcoin

SHIB Surpasses Litecoin in Market Cap After Massive Token Burn Spike

According to the data provided by, the shib burning rate increased by 883% over 24 hours. Over the past seven days, 131,421,765 dark have been burned. A notable portfolio, identified by the address 0x188… C3CDD, burned 1.34 million pieces of shib on eight transactions, including 1 million Shib.

Although the burn may seem insignificant given the large offer in relation to the number of tokens burned, the increase in burning operations serves as a positive indicator of community activity aimed at reducing the total number of tokens.

Currently, 410.75 billions of salsières (410,751,430,845,300 tokens) have been permanently removed from total power through burns.

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