The Shiba Inu community continues to move Shib meme coins out of circulation to reduce total supply in an attempt to turn this asset into a scarce.
During the past week, the Army Shib has burn millions of meme coins. However, here is a negative pivot, since this has pushed an important Shiba Inu meter.
Almost 2 million Shib in the middle of this key scrib Metric Crash
The data provided by the Shibburn wallet tracker in a recently published publication X reveals that in the last seven days, the Shib Army has transferred 1,662,665 Shib to indisputable blockchain wallets, that is, it burned them.
Despite the significant number of meme coins that were burned, the general weekly burn rate has collapsed at 92.66%. The largest burn this week has been 1,033,449 Shib, which moved to a wallet without exit approximately five days ago.
The Tweet also shows a lower decrease in the daily burns rate, less 0.26% with 69,597 Shib destroyed. The updated figures of the Shibburn website reveal that this metric has already moved in green, now showing a 52.23% growth with 106,219 SHIBS coins in the last 24 hours.
In general, a total of 410,752,289,867,556 Siba Inu coins have been burned out of circulation for now, with 584,696,203,158,754 remaining in the cryptocurrency market.
