A total of 239,535,584 Shiba Inu tokens worth around $1,916 at the current exchange rate were burned during last 24 hours. It took 11 transactions to send these tokens to dead wallets. The memecoin is currently trading at around $0.00000866 after a fall of over 2% in the last 24 hours.
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,” 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 075 USD.
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