Shiba Inu (SHIB), which performs regular burning every week, announced that 32 million SHIB were burned in the last 24 hours.
SHIB, which is seen as one of the biggest competitors of Dogecoin (DOGE), continues its burning transactions every week. According to the social media post shared by the community, in the last 24 hours, SHIBs have been removed from circulation, in line with a total of 32,026,199 SHIB burning transactions in 10 different transactions. The biggest burning process of the day came from SHIB Super Store. Defined as an individual project, SHIB Super Store attracted great attention with 9,245,529 SHIB burning processes.
In the past 24 hours, there have been a total of 32,026,199 $SHIB tokens burned and 10 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) April 17, 2023
Moves from Memecoins Continue
The mobility of Memecoins continues its trend with the fury started by DOGE. One of the biggest indications of this was that Baby Doge Coin (BabyDoge) increased by close to 72 percent in a short period of time. They created a great trend by adding BabyDoge to the memecoin trend that DOGE ignited and SHIB continued.
Known for regularly burning transactions, the Shiba Inu ecosystem has gotten into a party mood as memecoins both shine and market. The coin, which also has a large investor base in the crypto ecosystem, continues to reach wider audiences on social media after the burning news.
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