Following a remarkable month witnessed by Shiba Inu, one of the most renowned meme coins functioning atop the Ethereum blockchain, the dog-based meme token’s burn rate soared over a staggering 30000% today, March 1, nabbing global attention. This surge in burn rate promptly gained significant traction among crypto market traders and investors globally as Shiba Inu pumped phenomenally over the past few days, trading as high as $0.000014.
Amid this pump witnessed by Shiba Inu, its community boasted a colossal surge in the SHIB burn rate, as mentioned above, illustrating efforts to jack up the coin’s tokenomics. With 3.75 million SHIB destroyed over the past 24 hours, the meme coin’s supply continues to take a hit, birthing further bullish thoughts among crypto market enthusiasts across the globe.
Shiba Inu Burn Ignites Optimism
According to the data revealed by the burn tracker Shibburn, with the 30187% surge in burn rate today, the total tokens burnt from Shiba Inu’s initial sup
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