The Shiba Inu Burn Rate Surges, Removing 369 Million SHIB from Circulation
The popular memecoin Shiba Inu has experienced a significant increase in its burn rate, resulting in the removal of over 369 million SHIB from circulation. This burning program aims to decrease the token’s overall supply, potentially increasing its scarcity and value. As a result, the coin’s price has risen by 12% weekly.
Shibarium Gains Traction as a Layer-2 Scaling Solution
Shibarium, Shiba Inu’s layer-2 scaling solution, has quickly gained traction since its launch in August. It has facilitated over 3.5 million transactions and generated 1.3 million blocks. This advancement may also contribute to the positive sentiment surrounding SHIB’s price.
Hot Take: Shiba Inu Continues to Burn Tokens at an Accelerated Rate
The burn rate of Shiba Inu has surged by over 7,400% in the past 24 hours, leading to the removal of more than 369 million SHIB from circulation. This burning program aims to decrease the token’s supply and potentially increase its scarcity and value. Additionally, Shibarium, the layer-2 scaling solution for Shiba Inu, has gained significant traction with millions of transactions and blocks. These developments may contribute to the overall bullish sentiment surrounding SHIB.
By
By
By
By
