Nearly 8 Million Shiba Inu Vanish After First SHIB ETF Filing Shakes Market

Nearly 8 million Shiba Inu (CRYPTO: SHIB) tokens have been incinerated following the inaugural filing of a Shiba Inu ETF, rekindling interest in the popular meme token.

The burn rate of Shiba Inu has seen a dramatic increase of 208% within a span of 24 hours on Saturday, as per the data provided by the SHIB on-chain tracking platform Shibburn.

This has led to a total of 7,943,107 SHIB being permanently eliminated from circulation.

Full story available on Benzinga.com