Shiba Inu Shreds 508M Tokens: Skyrockets Burn Rate by a Striking 3808%
Shiba Inu's (SHIB) burn rate has soared by 3,808% in 24 hours, eliminating over 508 million tokens from circulation. This rapid burning strategy is designed to introduce scarcity and potentially drive up prices. With the recent growth in Shiba Inu transactions, expectations are high for continued burn momentum. Future milestones include the launch of the Shibarium protocol in August. Despite a 1.42% dip, each SHIB token currently stands at $0.00000757. Rising burn rates and ecosystem advancements could help reverse this downward trend.
