Over the past 7 days, more than 223 million Shiba Inu tokens have been burned

Without a doubt, the bankruptcy of the FTX crypto exchange has had a significant negative impact on the cryptocurrency market. Almost every digital currency on the market has lost in value, including the most popular BTC and ETH.

However, it seems that the popularity of Shiba Inu (SHIB) is not declining, despite the ongoing bear market.

At the same time, the burning rate of the meme coin increased, for example, on November 23 by 1081.96%. In particular, 127.8 million SHIB tokens were burned in one transaction, but it is unlikely that this will bring an increase in price.

According to Shibburn, more than 223,264,370 SHIBS have been burned in the last seven days.

According to Shibburn, 51 transfers were sent to the dead wallet during this period, including 223,264,370 SHIBS.

According to the latest data from the Shibburn website, the burning rate has decreased by 89.77% over the past 24 hours, as only 1,099,842 SHIBS have been destroyed.