TL;DR
Shiba Inu has seen a dramatic increase in its burn rate, with over 173 million tokens recently removed, building on the previous month’s burn of nearly 1.5 billion tokens.
The burn strategy is aimed at reducing SHIB’s supply to potentially enhance its value, coinciding with the cryptocurrency’s recent price uptick of 9% in two weeks and 15% over a month.
The development of Shibarium, a layer-2 blockchain solution, could also positively influence SHIB’s price, recently surpassing 1.5 million blocks, indicating significant progress.
Shiba Inu’s Impressive Burn Rate
The popular memecoin – Shiba Inu – continues to witness a substantial amount of tokens removed from its total circulation. According to data provided by Shibburn, the burn rate for the past 24 hours has skyrocketed by over 19,000%. Precisely, more than 173 million SHIB tokens were sent to an address that nobody could access.
The memecoin project saw a significant figure burned in October, too. As CryptoP
We współpracy z: https://cryptopotato.com/this-shiba-inu-metric-explodes-by-almost-20000-shib-rally-incoming/
