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International Business Times
International Business Times
Business
Nica Osorio

Shiba Inu 'Eats A Zero,' Burn Rate Surges 7M% As Devs Destroy Over 8 Billion SHIB

SHIB Shiba Shiba Inu Shytoshi Kusama
Shiba Inu Tokens Burned in Official Shib Burn Portal (Credit: shibarmy.co/Shiba Army Official Website)

KEY POINTS

  • SHIB broke through the $0.000010 price level Wednesday morning, trading at $0.00001043 from its previous price of $0.000009408
  • This represents a nearly 11% gain in the past 24 hours
  • The Shiba Inu community burned 8.35 billion SHIB, which led to a 7.6 million% surge in the burn rate

With the broader crypto market enjoying what seems like a bull season led by Bitcoin, Shiba Inu has showcased an impressive feat as it "eats a zero." The dog-themed altcoin's burn rate surged over 7 million% after its developers destroyed more than eight billion SHIB.

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