Shiba Inumanaged to attract attention by recording a significant growth in the cremations performed by the community. According to Shibburn data, the community has renewed its faith in the project by managing to burn 27.28 million SHIB in the last 24 hours.
As we reported as Koinfinans.com, the Shiba Inu price also managed to rise in the same period and reacted positively to the burning. He also managed to benefit from the sharing made by the lead developer Shytoshi Kusama. meme coin It is also growing in many different metrics.
Good News from Shiba Inu Developer: Prepare Your Wallet and Heart!
While Shytoshi Kusama’s post pointed to a new NFT launch, the community also triggered a significant increase in on-chain activity.
Shiba Inu Burns on the Rise
According to Shibburn data, there was a 70.68% increase in the burn rate on February 13, and a total of 410.70 trillion tokens have been successfully burned to date. This attracted attention, marking the community’s success in developing SHIB’s tokenomics. On the other hand, 25 million of the cremations made in the last 24 hours were carried out directly by community members.
According to CoinGecko data, the Shiba Inu price increased by up to 4% in the same period and managed to reflect the positive feelings of the community. However, as we have just mentioned, the only reason for this rise was not the fuel burns. It looks like the target price will remain at $0.00001 as the community continues to tighten the supply and developers continue to increase functionality.
