According to the Shibburn website, 3.59 million SHIB were burned at the start of September, a 49.90% drop in the daily burn rate, representing only 18 dollars in monetary value. In the last 30 days, a total of 417.02 million SHIB were burned, while 41.08% of the initial supply of 1 quadrillion tokens has been destroyed across 21,714 transactions. SHIB was trading at $0.0000051, down 1.06% in 24 hours and 3.51% weekly, amid a broader market selloff that saw $366 million in total crypto liquidations. September, historically the worst-performing month for Bitcoin since 2013, has been negative for Shiba Inu in three out of four years since 2022.
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