SHIBA INU COINS BURNING RATE SKYROCKET!
Shiba Inu Coin's burning rate has skyrocketed by 1000% in just one day, with over 6 million tokens permanently removed from circulation .
This significant surge in the burn rate has sparked optimism among traders and investors, who anticipate a potential price increase due to the reduced supply.
The Shiba Inu burn mechanism involves sending tokens to a null address, effectively removing them from the market supply.
This process is tracked by Shibburn, a token burning tracker, which reported the impressive 1041% increase in the intraday burn rate .
The recent introduction of ShibOS, a blockchain-based operating system, has also contributed to the positive sentiment surrounding Shiba Inu .
This innovation enables seamless transitions from Web2 to Web3 for various use cases, further bolstering the meme coin's long-term prospects.
As of now, SHIB is trading at $0.00002028, with a 24-hour low and high of $0.00001954 and $0.00002047, respectively . While the current price action is turbulent, the reduced supply and growing optimism may push SHIB toward remarkable gains in the future.#Shibarium
Shiba Inu Coin's burning rate has skyrocketed by 1000% in just one day, with over 6 million tokens permanently removed from circulation .
This significant surge in the burn rate has sparked optimism among traders and investors, who anticipate a potential price increase due to the reduced supply.
The Shiba Inu burn mechanism involves sending tokens to a null address, effectively removing them from the market supply.
This process is tracked by Shibburn, a token burning tracker, which reported the impressive 1041% increase in the intraday burn rate .
The recent introduction of ShibOS, a blockchain-based operating system, has also contributed to the positive sentiment surrounding Shiba Inu .
This innovation enables seamless transitions from Web2 to Web3 for various use cases, further bolstering the meme coin's long-term prospects.
As of now, SHIB is trading at $0.00002028, with a 24-hour low and high of $0.00001954 and $0.00002047, respectively . While the current price action is turbulent, the reduced supply and growing optimism may push SHIB toward remarkable gains in the future.#Shibarium
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SHIB
0.00001348
+4.41%