Burn

Kusama

Shiba Inu

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Popular meme coin Shiba Inu (SHIB) is doing all it can to stay in the know following the minor overnight uptick in its burn rate feature. Data from Shibburn <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">revealed</a> that more than 179 million SHIB tokens have been sent to dead wallets, representing 113% growth over the past 24 hours. 
<a href="https://u.today/shiba-inu-shib-burn-rate-up-3808-here-are-prospects-for-week" rel="noopener noreferrer nofollow">card</a> 
<img alt="Shiba Inu Burn" data-entity-type="file" data-entity-uuid="cace4a2b-2e3f-431c-86b3-bf1cb16da7ae" src="https://u.today/sites/default/files/inline-images/SHIB%20BURN_2.jpg">Shiba Inu Burn Chart via <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">Shibburn</a> 
The Shiba Inu <a href="https://u.today/shiba-inu-burn-rate-up-6546-what-will-impact-be-on-price" rel="noopener noreferrer nofollow">burn rate</a> is arguably the most important metric for determining the deflationary status of the meme coin, whose circulating supply is currently pegged around 589 trillion, per data from CoinMarketCap. With the steadily growing burn rate, there are now a number of significant upsides to watch with respect to the meme coin ecosystem. 
One of these upsides hinges on the price of the Shiba Inu token. Burn rate is a supply cushioning feature that can help send a price soaring should it be matched with a corresponding demand from buyers. Per the outlook of the Shiba Inu token, this upside is quite likely seeing the 24-hour trading volume of the token up by more than 21% to $105 million. 
The price of Shiba Inu has showcased a bullish momentum to reflect growing sentiment thus far. The token has inched upward by 0.71% at the time of writing, <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">pegging</a> its price to $0.000007766. 
<a href="https://u.today/shiba-inu-tokens-bone-leash-suddenly-jump-higher-heres-why" rel="noopener noreferrer nofollow">card</a> 
<h2 id="shiba-inu-ecosystem-trends">Shiba Inu ecosystem trends</h2> 
The Shiba Inu ecosystem has been recording an enormous amount of buzz lately. The lead developer of the ecosystem, Shytoshi Kusama, has just been <a href="https://u.today/shiba-inu-lead-kusama-to-speak-at-major-conference" rel="noopener noreferrer nofollow">listed as one of the speakers</a> at the Blockchain Futurist Conference this year. 
The recognition of Kusama translates to the recognition of the role of Shiba Inu in the evolution of blockchain and the broader Web3.0 ecosystem. With Shibarium set to be <a href="https://u.today/shibarium-launch-closer-than-you-think-key-partner-says" rel="noopener noreferrer nofollow">launched</a> on mainnet at the conference, the Shiba Inu ecosystem is on track to duly compete as a force in the decentralized finance (DeFi) ecosystem.

Shiba Inu (SHIB) Burn Rate up 113%, Here Are Key Upsides to Watch

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