Shiba Inu, the second-largest meme coin, has experienced a substantial burn rate, resulting in almost 100 million tokens being removed from circulation. The price of Shiba Inu has also increased by over 300% in the past 24 hours.
The second-largest meme coin in terms of total market capitalization – Shiba Inu – experienced another substantial burn rate . Datathat it has spiked by over 300% in the past 24 hours, resulting in almost 100 million SHIB tokens being removed from circulation.The ultimate goal is to reduce the maximum supply of 999,982,362,289,250 SHIB tokens, making them scarcer and potentially more valuable in time.
It is worth noting that the price of Shiba Inu has returned to green territory in the past few hours, being up around 4% on a daily scale. The increase coincides with the overall recovery of the market, with Bitcoin rising to $72,000 and Ethereum reclaiming the $3,600 mark.last summer, aims to support the development of decentralized applications , including DeFi projects, non-fungible tokens , and gaming applications, within the Shiba Inu ecosystem.
It also seeks to enhance user experience with high transaction throughput and lower costs, making it an attractive platform for developers and participants in the cryptocurrency space.through another milestone, surpassing the 4 million mark in terms of total blocks.
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Shiba Inu Meme Coin Burn Rate Token Circulation Price Spike Cryptocurrency
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