Shiba Inu: October failed to burn as bright as September
The Shiba Inu [SHIB] token took a back seat as its rival, the OG meme coin of crypto currency, Dogecoin [DOGE] garnered all the attention. While this was limited to its popularity, SHIB was pocketing significant gains throughout the last couple of days. This, however, did not reflect in its burn rate. Despite increased burning activity by multiple portals across the network, the burn activity for this month remained fairly low. Earlier today, Shibburn reported that the Shiba Inu community had burned about 881.73 million SHIB in the month of October. This was done through 176 transactions. 🔥🔥🔥 881,736,643 $SHIB tokens have been burned in the month of October with 176 transactions. # shib # shib army — Shibburn (@shibburn) November 1, 2022 September, on the other hand, witnessed a whopping 382 transactions, and 1,743,878,414 SHIB tokens were sent to a dead wallet. When compared to October, September’s burn rate was significantly higher....
