Shiba Inu burn rate inches close to 2000% while price rise by 8%
After staying low-key for quite some time, Shiba Inu [SHIB] was seen back in action. Despite yesterday’s increased liquidations, the asset did not pocket significant gains. However now, the meme coin’ ;s price as well as burn rate noted a substantial surge . Shiba Inu’s burn rate was on an upward trajectory. Just a couple of hours ago, the altcoin’s burn rate witnessed a spike of a whopping 14,000 percent. At press time, however, the burn rate had dropped to 1932.01 percent. It should be noted that over the last 24 hours, about 14,896,832 SHIB tokens were sent to dead wallets . Source Despite attaining a four-digit spike in burn rate, only $169.45 worth of SHIB was burnt. Meanwhile, Shiba Inu seemed to be in sync with its counterparts in terms of its price. At press time, SHIB was trading for $0.0000114 with an 8.90 percent daily surge. This further boosted the asset’s weekly gains by 13.73 percent. In addition to this, the altcoin witne...