Shiba Inu News: SHIB Burn Soars 200%, Price Rally To $0.01 Imminent?

Shiba Inu News: SHIB Burn Soars 200%, Price Rally To $0.01 Imminent?

Shiba Inu, one of the most prominent meme coins functioning atop Ethereum, once again curated a tidal wave of speculations across the broader crypto market on Friday, following a colossal surge witnessed in its burn rate. As per Shiba Inu’s burn tracker Shibburn, a whopping 7.64 million SHIB was incinerated over the past 24 hours, nabbing significant attention globally. As a result, the burn rate soared to 191.69%, as per market charts. Meanwhile, the meme coin traded primarily in the green as of press time, mirroring today’s surge in its burn rate.
SHIB Burn: A Closer Look Into the Report
According to the data unveiled by Shibburn, Shiba Inu, with a total supply of 999.98 trillion tokens, has now incinerated a staggering 410.70 trillion coins as of writing. Moreover, concerning the surge in burn rate witnessed today, two prominent burn transactions appear to be responsible for the upswing’s lion’s share.
The wallet address 0xa9d1e08c7793af6…7fb81d3e43 moved 4.01 million SHIB

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