Shiba Inu Monthly Burns Shoot Up 2,330%, But There’s a Catch
- SHIB Army torches over 15B SHIB in March, converting to over half a million.
- 13.4B of the SHIB burns come from fees collected on Shibarium’s Layer-2.
- The community awaits the deployment of Shibarium’s auto-burn apparatus.
The crypto realm has met April with a whopping increase in Shiba Inu’s (SHIB) cumulative monthly burns. This was revealed after Shibburn, the official Shiba Inu burning tracker, calculated the result for March.
Accounting for over 15 billion monthly burns, the Shiba Inu community, popularly known as SHIB Army, took it upon themselves to incinerate 15,644,329,668 SHIB tokens in 217 transfers to dead on-chain wallets. Converting to fiat, this encircles $547,216, significantly more than February’s SHIB burns, limited to 643,656,418 SHIB tokens.
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