SHIB Burn Rate Increases by 2133%, Price Rises by 10%

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by Giorgi Kostiuk

2 years ago

Recently, the burn rate of Shiba Inu tokens has shown significant growth as the token's price jumped.

SHIB Burn Rate Surges by 2133%

According to Shibburn tracker data on the Etherscan blockchain, 34,312,733 SHIB were burned in the last 24 hours, leading to a 2133% surge in the metric. Almost all of this amount was destroyed in one transaction—31,483,015 SHIB were moved to an unspendable blockchain wallet.

Shytoshi Kusama Steps Away from Social Media

The well-known SHIB community leader, Shytoshi Kusama, announced on his official account that he will take a brief break from social media to launch a new Shibarium token called TREAT and complete two important documents.

Shiba Inu Price Surges by 10%

Within a day, the SHIB price increased by more than 10%, jumping from $0.00002258 to $0.00002490. This occurred alongside Bitcoin's price surge, which temporarily reached $98,950.

The recent increase in the SHIB burn metric and price rise shows high activity within the Shiba Inu community. Expectations for future events remain high.

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