Shiba Inu Burn Rate Surges To 938%: What Is Going On?
Posted On November 19, 2024
Shiba Inu’s (CRYPTO: SHIB) second consecutive day of rising burn rates alongside significant whale transactions spells bullish momentum, according to traders.
What Happened: Shiba Inu’s burn rate increased 938.7% in the past 24 hours after burning 3.7 million tokens, according to Shibburn. Around 20 hours ago, two transactions of 1.5 million and 2 million were recorded.
Shiba Inu pseudonymous lead developer Shytoshi Kusama’s recent tweet sparked excitement among the SHIB Army if this is a signal of significant news on the horizon.
On the same day, he also stated that “the force is with us.”
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