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Shiba Inu’s Burn Rate Skyrockets 28,000% Amid Plans to Launch .Shib Domains

Shiba Inu’s Burn Rate Skyrockets 28,000% Amid Plans to Launch .Shib Domains


CryptoGlobe
2023-12-21 23:55:00

The burn rate of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has recently surged by more than 28,000% over just 24 hours after more than 6.3 million SHIB tokens were sent to dead wallet addresses that no one controls, effectively removing them from circulation. According to data from Shiba Inu burn tracking platform Shibburn, over the


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