10,684,707 SHIB Burned With Shiba Inu Burn Rate Surge of 439%
In a recent hourly update, Shibburn reports that a total of 10,684,707 SHIB were burned in the last 24 hours, with the daily burn rate surging 439.79%. This marked an increase from the previous day, causing the burn rate to increase more than 3x. The over ten million SHIB tokens burned in the last 24 hours added to a cumulative total of 173.37 million burned in the last seven days. In the last 30 days, over 3.36 billion SHIB were burned, with the burn rate skyrocketing 2811.38% in this timeframe. A total of 410,843,703,896,181 SHIB has been burned in 21,502 transactions, according to the Shibburn website. At the time of writing, SHIB was down 1.26% in the last 24 hours and 7.38% weekly. The majority of cryptocurrencies were posting modest gains on a weekly basis after the Senate confirmed it would not vote on the Digital Asset Market Clarity Act before leaving for its August break. The bill, which would clarify which U.S. regulator oversees which digital assets, requires 60 votes to pass, and it is unclear whether it has received 50. Next week brings the U.S. employment report and July inflation data. The Federal Reserve held rates steady at 3.50% to 3.75% in