The post Shiba Inu Burn Rate Skyrockets To 6000%, Defies Broader Market Slump appeared first on Coinpedia Fintech News
Shiba Inu burn rate skyrockets over 6000% igniting hopes for a future SHIB rally as data from Shibburn revealed over 10 million SHIB were burnt the past day. A whopping 8.56 million SHIB was burnt alone by an address via a couple of transactions. Despite the broader market plunge, SHIB’s price witnessed an unexpected surge due to the jump in its burn rate. Currently, Shiba Inu is up by 2.95% and is trading at $0.00001729.