Shiba Inu Burn Rate Skyrockets to 2225%, As a New Cat Meme Coin Pops Up On Analysts’ Radar

The burn rate for Shiba Inu ($SHIB) blew up by 2225% on Thursday amidst a surge of interest in meme coins. Shiba Inu tokens, which collectively have a market cap of $14.75 billion, are gradually burned in order to reduce the token’s tremendous supply (currently over half a quadrillion) in order to create scarcity, which […] The post Shiba Inu Burn Rate Skyrockets to 2225%, As a New Cat Meme... source: https://cryptonews.com/news/shiba-inu-burn-rate-skyrockets-to-2200-as-a-new-cat-meme-coin-pops-up-on-analysts-radar/