Shiba Inu Reachs a Network Milestone, and SHIB Weekly Burn Rate Increases.
373,715,046 SHIB tokens were burnt in 58 transactions over the previous seven days. This translated into a monetary value of $3,269.69.
Compared to the previous week, when 259,383,545 SHIB tokens were burnt in 66 transactions, this was a far greater amount.
Shibburn published a graphic showing a greater weekly burn rate of 44.06%. Even though the daily burn rate decreased by 43.54%, a sizable amount of SHIB was burned on the previous day. Nineteen transactions totaling 20,002,824 SHIB tokens were burnt in the last day.
The total number of Shiba Inus that have addresses is currently 3.65 million; of them, 1.26 million have SHIB balances.
In the long term, interest in keeping and investing in a particular crypto asset is reflected in the total number of addresses having a balance. An increase in addresses with a balance is usually regarded as positive as it suggests a more stable and expanding user base.
