Up 252%: Exciting Developments Burn Rate Jumps in Living Meme Coin!

According to the Shibburn website, the SHIB burn rate has increased by 252% in the last 24 hours. However, only 23,735,647 SHIBs were burned during this time. On the other hand, there has been some positive news recently that has excited the Shiba Inu community.

Shiba Inu meme coin burn rate is increasing.

For example, recently Travala, a crypto-friendly travel platform, and Bitpoint, one of the major Japanese crypto exchanges, shiba inu Announcing positive developments for the community. Users who book on Travala using SHIB will receive $25 worth of free travel credits to use on more than three million hotels and flights on the website.

Cryptocurrency exchange BitPoint Japan has announced that it will list SHIB at the end of November, to the delight of the meme coin Shiba Inu community. Moreover, BitPoint Japan was the first major Japanese exchange to do so. In addition, the exchange announced various campaigns and rewards to celebrate the SHIB listing.

Koinfinans.com At the same time, as we reported, SHIB lead developer Shytoshi Kusama shared a mysterious tweet containing the exclamation “WOOF”, which is only used by the community when something exciting happens. In a sense, this set in motion various expectations regarding SHIB; some people even thought that this post was about “Shibarium”.

Whales don’t give up meme coin

WhaleStats to the data According to the report, meme coin is among the top 10 tokens purchased among the 500 largest ETH whales in the last 24 hours.

According to data from CoinMarketCap, SHIB is the 15th largest cryptocurrency in the world with a market cap of $4.96 billion. In 2021, SHIB’s market cap briefly exceeded $41 billion, making it worth more than several S&P 500 companies.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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