Shiba Inu Burn Rate Soars 5,000% But Token Value Dips Slightly
• Shiba Inu token burn rate has increased by 5,000% in 24 hours, destroying 2.7M tokens • Despite burn rate increase, SHIB value dipped 2% in market downturn • Progress continues on Shibarium layer-2 solution to improve network capacity and reduce fees • Nearly 1.8M blocks mined and over 1.2M wallet addresses reflect growing transactional activity • Over 40% of massive 1 quadrillion token supply has been permanently removed through burns