The meme coin Shiba Inu (SHIB) has seen a significant increase in its burn rate, with 6,314,537 SHIB sent to inactive wallets in the past 24 hours. The burn rate has risen by 389% in this period and by 1,020% over the past week, demonstrating the commitment of community members to reducing the token's supply. This has had a positive impact on the price, with SHIB increasing by 1.48% in the past 24 hours and 5.23% over the past week. The token may potentially break the resistance point of $0.00002, supported by the burn rate surge and positive market sentiment.
- Content Editor ( u.today )
- 2024-10-21
SHIB Torches 324 Million Tokens in One Week With 1,020% Burn Rate Surge