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Zenger
Mehab Qureshi

Shiba Inu Burn Rate Soars 1000% As 164 Million Tokens Removed

Shiba Inu SHIB
Shiba Inu  experienced a significant increase in its burn rate, skyrocketing by 1000% .The surge came after a staggering 164 million SHIB tokens were permanently removed from circulation. JAKUB PORZYCKI/NUR VIA GETTY IMAGES.

Shiba Inu on Wednesday experienced a significant increase in its burn rate, skyrocketing by 1000% in the last 24 hours. The surge came after a staggering 164 million SHIB tokens were permanently removed from circulation, data from Shiba Inu burn tracker Shibburn shows.

Shiba Inu (SHIBUSD) is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) that features the Shiba Inu—a Japanese breed of hunting dog—as its mascot. 

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