Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, once again echoed a sense of frenzy across the broader crypto market this week, as the token noted notable upswings in its burn rate. On-chain charts unveiled by the burn tracker Shibburn portray a staggering burning chronicle surge orbiting SHIB in recent days. Meanwhile, the meme coin’s price appeared to contrast the upswings. In addition, significant whale activity around the week’s corner also weighed in on SHIB’s tokenomics.
Shiba Inu Propels Optimism With Burn & Shibarium
In a cyclone of breakthroughs witnessed by the Shiba Inu token throughout the week, developments on numerous grounds appear to have piqued traders’ and investors’ interests globally.
Firstly, the constant spikes in the SHIB burn rate in recent days has garnered noteworthy attention. As per numerous reports by CoinGape Media recently, the burn rate initially jumped 232.85%, then 459%, and lastly, a staggering 4
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