Posted 4/11/2024, 1:18:33 PM
Shiba Inu Token Burns Spike Almost 50,000%, Fueling New Developer Activity and Price Gains
- Shiba Inu burn rate surged 48,654% over past 24 hours, pushing prices up 3.5%
- Two large SHIB token burns occurred in last day totaling 87.7 million coins
- Lead developer Shytoshi Kusama resurfaced after long absence, said he's "working like a dog"
- Social activity indicators for SHIB all up hugely over past 6 months
- 12,176 SHIB addresses now hold at least 1 billion coins worth combined $15.3 billion
