Shiba Inu Burn Rate Surges 13,000% Amid Whales Moving 11 Trillion SHIB

Shiba Inu Burn Rate Surges 13,000% Amid Whales Moving 11 Trillion SHIB

Shiba Inu, the self-proclaimed Dogecoin-killer is creating quite a buzz in the crypto realm following its colossal surge in the burning of tokens.
Moreover, as per the recent data unveiled by Whale Alert, one of the world’s leading crypto-tracking platforms, a series of colossal whale transactions caught the eyes of investors and traders alike as it recently transferred over 10 trillion tokens as of today, November 7, 2023.
Subsequently, amid the constant burning and reallocation of SHIB tokens, the Shiba Inu price witnessed a marginal surge over the past seven days with today’s price witnessing a slight jump.
Shiba Community Burning Tokens Amid Price Surge
According to recent data by Shibburn, 173 million SHIB tokens have been burnt over the past 24 hours. The SHIB burn rate witnessed a phenomenal surge and was up by 12840.60% as of writing.
The aforestated burning of tokens portrays a positive sentiment revolving around the SHIB tokenomics. The Shiba Inu crypto community seems to

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