The Shiba Inu community is working hard to get more and more SHIB burned every day. come SHIB burn rate decreased by 63.85%.
The previous day, SHIB burns were up at an incredible 28,385%, which is a somewhat misleading figure as only 28,485,444 tokens were moved to the “inferno” burn wallet. This increase is the highest in the past 2-3 months.
Such declines may be associated with short-term traders gradually losing interest in the meme coin as the current price of SHIB is not producing any profits for them.
but still Major long-term holders of the Ethereum or whale network continue to hold the Shiba Inu as the top crypto asset relative to the USD. In the list of the top 10 whales, SHIB is currently ranked third behind Ethereum and USDT stablecoin
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