SHIB burn rate up by 113% as 84 million tokens burned in 24 hours.
More than 84 million Shiba Inu tokens have been burned over the last 24 hours.This has resulted in SHIB burn rate going up by 113%. With more than 410 trillion Shiba Inu tokens burned from the initial supply so far, the coin’s current circulating supply stands at around 556 trillion.
According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August. 2020 under the pseudonym . Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.
Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (Baby Doge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
Leave a Reply