Dogecoin Killer Shiba Inu: Burn Rate Spikes 451% in 24 Hours: 12M Moved
Shiba Inu , often dubbed the “Dogecoin Killer, is currently experiencing a rough patch. Despite being one of the more popular meme coins, its price has fallen under the price barrier of $0.000013. The coin has had its notable surges in the past, and the ultimate dream for SHIB holders is for it to reach $0.01. One of the big phenomena around the SHIB community is the process of burning the coin. Burning Shiba Inu tokens increases the demand and value of the remaining supply of SHIB, which has raised its price. In the last 48 hours, several SHIB burns have taken place. In just the past day alone, the Dogecoin Killer has burned around 12 million coins. Shibburn data noted a rise of 451.06% in the past 24 hours as 12.2 million coins were removed from the system. One transaction with 2.6 million coins was recorded overnight, while two other transactions burnt 7.3 million and 2.01 million coins respectively. Also Read: BRICS: United States Admits Sanctions Are Crushing The Dollar Will ...