Shiba Inu’s Burn Rate Plummets 60% in July Amid Market Downturn

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has seen its burn rate plunged by nearly 60% over the past month, as the cryptocurrency’s community sent around 380 million tokens, worth little over $6,000, to burn addresses in July. That’s according to data from Shiba Inu burn tracker Shibburn, which reveals that the monthly burn rate dropped […] source: https://www.cryptoglobe.com/latest/2024/08/shiba-inus-burn-rate-plummets-60-in-july-amid-market-downturn/