Shiba Inu Burns 400% in Token Burn, Whales Hoard $1.38M SHIB

Shiba Inu’s Token Burn Rate Surges by Over 400% in 24 Hours

The self-proclaimed ‘Dogecoin killer’, Shiba Inu (SHIB), experienced a significant surge in its token burn rate, with a remarkable increase of over 400% in just 24 hours. The burn rate surge corresponds to the removal of a staggering 18 million SHIB tokens from the circulating supply. This development has caught the attention of cryptocurrency enthusiasts and investors, as it could potentially impact the value and scarcity of the SHIB token.