Shiba Inu Sees a Staggering 28,000% Surge in Burn Rate

Adekunle Joshua

In the last 24 hours, Shiba Inu has experienced a remarkable surge in its burn rate, skyrocketing by over 28,350%

This sudden rise in the burn rate was due to over 6.3 million SHIB tokens being transferred to a dead wallet.

In addition, the announcement of a partnership with the domain company D3 Global triggered the burn rate

Shiba Inu's strategic move involves acquiring the .shib domain, making it one of the first decentralized ecosystems to collaborate with D3

Shytoshi Kusama, the lead developer of SHIB, expresses confidence in impactful burns driving global adoption.

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