‘Dogecoin Killer’ Burning Spree Skyrockets 161,500% — 8B SHIB Permanently Removed From Circulation In Single Day

Self-proclaimed ‘Dogecoin DOGE/USD Killer‘ Shiba Inu SHIB/USD experienced a boost in its burn rate, with over 8.53 billion SHIB removed from circulation — a surge of over 161,500% in just 24 hours.

What Happened: This development is in line with the announcement made by SHIB’s lead developer Shytoshi Kusama, who hinted at an upcoming event, “As billions of Shib prepare for roasting (yes, it is in progress), and Shibarium transactions are worthy of toasting … I continue to look forward to next week’s announcement.”

According to Shibburn, a tracker for the SHIB ecosystem, a single wallet address was responsible for burning the coins, equating to a value of over $90,000 in one…

Read more on Benzinga

81.4K Reads