Shiba Inu Boosts Burn Rate by 7000%, Sparks Market Surge

Shiba Inu (SHIB), one of the most popular meme tokens in the cryptocurrency sector, is making headlines with its latest developments. Shiba Inu has increased its token burn rate by 7000%, a change that has pushed the price of SHIB up by 11% in a short period and propelled the token above the critical resistance level of $0.000008. SHIB Burn Rate Skyrockets Currently, SHIB’s burn rate has achieved a remarkable increase of 6936.88%, which essentially translates to a massive reduction in token supply. Even in the last 24 hours, data shows that 341,504,230 SHIB tokens have been burnt. Shytoshi Kusama, the lead developer of the SHIB team, shared this information in a blog post. He also revealed that a new project named Shibarium is underway, hinting at potential surprises to come. It appears that SHIB investors are being primed for surprises before the launch of Shibarium. The first paragraph of […] The post Shiba Inu Boosts Burn Rate by 7000%, Sparks Market Surge appeared first on COINTURK NEWS.