Shiba

Shiba Inu

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Dog-themed cryptocurrency <a href="https://u.today/shiba-inu-shib-skyrockets-540-in-epic-activity-surge-as-price-eyes-recovery" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has seen a 347% rise in burn rate over the last 24 hours, with millions of SHIB burned.
According to the most recent data, the Shiba Inu daily burn rate has increased by 347%, with millions of SHIB tokens being sent to dead wallets, which can no longer be accessed or spent.
Shibburn's X handle <a href="https://x.com/shibburn/status/1810947114828001421" rel="noopener noreferrer nofollow">reports</a> in its most recent hourly update that 27,760,703 tokens have been burned in the last 24 hours, representing a 347.32% surge in the daily burn rate.
<blockquote>
 HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.00001668 (1hr -0.65% ▼ | 24hr 1.85% ▲ )Market Cap: $9,793,543,661 (1.26% ▲)Total Supply: 589,272,506,570,315TOKENS BURNTPast 24Hrs: 27,760,703 (347.32% ▲)Past 7 Days: 73,960,360 (-79.25% ▼)— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1810947114828001421?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2024</a>
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The surge in <a href="https://u.today/shiba-inu-skyrockets-781-in-burns-amid-shib-price-rebound" rel="noopener noreferrer nofollow">Shiba Inu's burn</a> rate comes at a time when the broader cryptocurrency market is experiencing fluctuations, with Shiba Inu no exception. At the time of writing, SHIB was up 1.58% in the last 24 hours to $0.00001661.
Shiba Inu has ticked higher since rebounding from lows of $0.0000126 on July 5. Since this date, Shiba Inu has marked five out of six days in the green, reaching intraday highs of $0.00001688 in today's trading session.
<h2 id="anticipation-builds-in-shiba-inu-community">Anticipation builds in Shiba Inu community</h2>
Anticipation is growing in the Shiba Inu community following Shiba Inu lead <a href="https://x.com/ShytoshiKusama/status/1810512842996740454" rel="noopener noreferrer nofollow">Shytoshi Kusama</a>'s recent announcement.
The <a href="https://u.today/shiba-inu-alert-crucial-message-passed-to-shib-community" rel="noopener noreferrer nofollow">Shiba Inu community</a> is gearing up for the imminent launch of the TREAT token. Speaking about this, the Shiba Inu lead stated in an X post: "As you may know, Shib is home to a variety of tokens, including Shib, Bone, Leash, and our upcoming unreleased token: TREAT. Each token has its own utility and governance, and TREAT is the access token to all the advanced features of our systern, in contrast to Leash, which is about exclusivity, or Bone, which focuses on technology."
The global "Treat Yourself" tour was also announced by the Shiba Inu lead. The tour began with the IVS in Kyoto and will continue with stops at important events, such as the Blockchain Futurist Conference in Toronto, before culminating in the highly anticipated ShibaCon 2024 in Bangkok.

Shiba Inu Skyrockets 347% in Burn Rate, With Millions of SHIB Burned

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