Current SHIBburns are likely to become huge when Shibarium kicks off, theshibdream believes. army_shiba shibburn
According to data published by Shibburn tracking service, over the past 24 hours, the SHIB army managed to remove 20,120,621 meme coins from circulation. Compared to the roughly 12,000,000 SHIB burned on Tuesday, the burn rate now is up 67.43%.The biggest burn transfer over this period of time carried 6,123,698 SHIB; otherwise, they did not exceed 3 million Shiba Inu.
Overall, the burn rate seems to somehow correlate with the price of SHIB. However, whereas the cheaper this coin becomes, the more SHIB should be burned, in reality it is the other way around. Each new price drop of Shiba Inu causes burns of this popular meme coin to shrink in size. At the time of this writing, SHIB is changing hands at $0.000007987, dropping over 3% in the past 24 hours, according to CoinMarketCap.
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